Anthropic has no plans to postpone its highly anticipated initial public offering, even as turbulence sweeps through artificial intelligence related trades, according to unnamed individuals familiar with the company’s thinking who spoke with the FT.
The maker of the Claude AI models continues to target a public listing before the Thanksgiving holiday, aiming to raise between $80 billion and $100 billion at a valuation ranging from $1.25 trillion to $1.75 trillion.
Those ambitions stand in contrast to an earlier anonymously sourced account in The Wall Street Journal.
That report indicated that Thursday’s steep selloff in AI-linked stocks had led some investors to question whether Anthropic might delay the offering.
The sharp drop fueled concerns among certain participants about proceeding at previously discussed valuation levels amid the rapid unwinding of AI-related positions.
Equity markets offered a partial recovery on Friday.
Investors moved to buy technology shares that had been beaten down in the previous session, which ranked as Wall Street’s worst selloff since April 2025.
The Nasdaq Composite rose 1.1 percent, with gains in Nvidia and Micron helping to drive the advance.
Thursday’s session had seen the Nasdaq fall 5.5 percent, a decline large enough to push the index into correction territory after it closed more than 10 percent below its recent high.
The S&P 500 added 0.3 percent on Friday.Further support arrived from a stronger-than-expected October jobs report, which helped ease worries about the broader economy.
Jordan Jackson, global market strategist at JPMorgan, wrote on LinkedIn that good days often follow bad days and that the broader fundamental backdrop remains constructive on risk assets into year end.
Anthropic’s determination to stick to its timetable, even while some investors express caution over valuation after the recent rout, underscores the high stakes surrounding one of the largest potential listings in market history.
The company is navigating a period of heightened scrutiny of AI spending and valuations just as public-market conditions have turned more volatile.
The modest rebound in technology shares on Friday suggests that bargain-hunting has begun, yet the path toward a successful debut will still depend on whether demand holds as the roadshow and pricing process approach. Market observers will watch closely to see whether the recent volatility proves temporary or signals a more sustained reassessment of the AI trade.
The successful execution of Anthropic’s listing would serve as a major test for capital markets and the financial services industry more broadly, particularly for the investment banks leading the underwriting syndicate.
A deal of this scale could reinforce confidence in large-scale equity offerings tied to artificial intelligence, potentially encouraging other high-growth technology firms to accelerate their own public-market plans.
At the same time, the recent volatility underscores the risks underwriters and institutional investors face when pricing assets whose valuations rest heavily on rapid growth assumptions and substantial capital expenditure commitments.
Banks may need to refine their risk models and distribution strategies to navigate similar transactions if investor sentiment toward the AI sector remains uneven.
For the fintech sector, Anthropic’s public debut carries dual implications.
Many fintech platforms already rely on advanced language models for customer service, fraud detection, credit underwriting, and personalized financial advice; a well-received listing could accelerate further adoption and investment in AI infrastructure across the industry.
Conversely, a softer-than-expected valuation or prolonged market turbulence might cool enthusiasm for AI-heavy fintech valuations and prompt both startups and established players to emphasize clearer paths to profitability. In either case, the outcome is likely to influence how fintech firms allocate capital, structure partnerships with AI providers, and position themselves relative to the broader technology cycle.
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