Anthropic aims to list before Thanksgiving at $1.25 to $1.75 trillion, FT reports

The Decoder, citing the Financial Times, reports Anthropic is pressing ahead with its IPO despite the tech selloff and wants to go public before Thanksgiving. Investors cited by the paper say it would raise $80 billion to $100 billion at a valuation of $1.25 trillion to $1.75 trillion, above its $965 billion private valuation but short of the $2 trillion some had hoped for. The report puts annualized revenue at about $81 billion, up from roughly $65 billion at the end of July.

Why it matters: It would be one of the largest listings ever, and a public test of what investors will pay for a frontier lab after this week's selloff.

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