Anthropic lines up IPO roadshow for next week, Nasdaq in its sights

Anthropic is taking its first real steps toward the public markets. The Claude-maker will reportedly launch its IPO roadshow as soon as next week, according to Crypto Briefing, which cited FirstSquawk. The push points toward a possible listing on the Nasdaq.

The paperwork has been in motion for weeks. Anthropic filed its initial S-1 on October 26, then followed with an amended filing on November 2. Those documents left the IPO price-range fields blank, a sign that the final offering price and valuation are still being hashed out.

The number floating around is enormous. Speculation on Anthropic's valuation runs between $1.5 trillion and $2 trillion, per the report. But there's a catch: current market conditions could force a discount on whatever figure the company and its bankers ultimately settle on.

All eyes now shift to the Securities and Exchange Commission. The regulator's response to Anthropic's filings will shape both the timing and the feasibility of a listing. Until the SEC signs off, the roadshow is a plan, not a done deal.

Then comes the room that matters most: investors. How they react during the roadshow — the pitch meetings where Anthropic sells its story to big funds — could swing expectations on pricing and the listing date.

Nothing is locked. No price range has been set, no date has been confirmed, and one of the biggest names in AI is still staring down a market that may not hand it the headline number.