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Business briefing · Wednesday, November 11, 2026 · Daily edition · Story 1 of 5
Anthropic sets IPO price range and targets $1.4tn valuation
Anthropic has set an IPO price range of $70 to $78 and aims for a valuation of up to $1.4tn. The company has secured a $3.4 billion deal for gas-powered data centers and expects to spend $41.5 million in legal fees.
Why it matters: Anthropic's IPO highlights the evolving landscape of AI company valuations and the significant costs associated with going public.
Sources: CNBC · The Guardian Business · Business Insider · Fortune
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