Anthropic IPO targets roughly $1 trillion valuation, half the $2 trillion once whispered
Solid demand would suggest market participants still see value in leading AI names at lower valuations. Anthropic will also sell roughly $26 billion of stock at the IPO price to a group of strategic market participants that includes Microsoft, Nvidia, Alphabet and Micron Technology.
In this article
In the latest stock market today update, Solid demand would suggest market participants still see value in leading AI names at lower valuations, according to investingLive. Anthropic will also sell roughly $26 billion of stock at the IPO price to a group of strategic market participants that includes Microsoft, Nvidia, Alphabet and Micron Technology.
Key points
- Anthropic goes into the listing with around $132 billion of cash and no conventional debt.
- With around 13.1 billion shares outstanding, the midpoint implies a value of roughly $1 trillion.
- Third-quarter revenue climbed over 12-fold from a year earlier to roughly $17 billion.
- The maker of the Claude AI assistant aims to sell 825 million shares at $70 to $78 each.
- The offering would raise around $61 billion, Barron's reported.
What happened: Stock market today
Strategic market participants Nvidia, Micron, Alphabet and Microsoft are also tied to the agreement, so a solid debut could support the wider AI infrastructure trade. A feeble one would likely weigh on it. The maker of the Claude AI assistant aims to sell 825 million shares at $70 to $78 each.
The offering would raise around $61 billion, Barron's reported, referring to the business's filing and an investor presentation at the midpoint of the range. With around 13.1 billion shares outstanding, the midpoint implies a value of roughly $1 trillion, or around $1.2 trillion on a fully diluted basis.
Third-quarter revenue climbed over 12-fold from a year earlier to roughly $17 billion, and October sales touched an annualised run rate of about $80 billion. As Anthropic's private valuation climbed, so did the value of convertible securities issued to early traders, and accounting rules treat that increase as a loss.
Anthropic goes into the listing with around $132 billion of cash and no conventional debt, a figure forecast to rise to roughly $210 billion after the offering.
Why traders are watching stock market today
Equity moves reflect expectations for earnings, interest rates and economic growth. Strong or weak results from large companies can shift sentiment across whole sectors and indices.
Stock-market sentiment also spills over into currencies: risk-on moods tend to favour higher-yielding currencies, while sell-offs often support safe havens.
Market reaction and data
Crypto prices at the time of writing, from Binance spot data (2026-11-13 00:20 UTC):
| Asset | Last price (USDT) | 24h change | 24h high | 24h low |
|---|---|---|---|---|
| Bitcoin (BTC) | 71,381.30 | -3.57% | 74,217.49 | 71,113.06 |
| Ethereum (ETH) | 2,017.54 | -2.02% | 2,066.42 | 1,983.82 |
| Solana (SOL) | 81.68 | -2.39% | 83.92 | 80.46 |
On the currency side, the latest ECB daily reference rates (2026-11-12) show EUR/USD 1.1081, GBP/USD 1.3256, AUD/USD 0.6821, NZD/USD 0.5556, USD/JPY 159.7, USD/CHF 0.8331, USD/CAD 1.4249, USD/CNY 6.6683. These are reference fixes, not live quotes.
What to watch next for stock market today
Traders will track upcoming earnings, guidance from company management, bond yields and macro data that could change the rate outlook.
Key scheduled releases on the economic calendar:
- USD Core PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.3%, previous 0.7%
- USD PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.4%, previous 1.3%
Follow every update in our Top 10 Forex News Today, read BlackRock sees gold support intact in spite of near 30% drop from record, anticipates milder increases or see all of today's top market news.
FAQ
What is the latest stock market today news?
Solid demand would suggest market participants still see value in leading AI names at lower valuations.
Why do stock markets react to interest rates?
Higher rates raise borrowing costs and reduce the present value of future profits, which tends to weigh on stock valuations, especially for growth companies.
Where does this information come from?
This report is based on coverage from investingLive, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
