San Francisco-based artificial intelligence developer Anthropic, the firm behind the widely used Claude generative chatbot platform, has formally laid out its plans for a landmark public listing on the New York Nasdaq exchange, targeting a maximum of $64 billion in capital raise through its initial public offering. The unprofitable AI pioneer announced in its latest regulatory filing that it will price its public shares at a range of $70 to $78 per unit, with the offering scheduled to close before the end of the current calendar month. The proposed pricing framework would place Anthropic’s total market valuation somewhere between $1.1 trillion and $1.3 trillion, a substantial figure that nonetheless falls short of the $2 trillion valuation ceiling many industry analysts had projected for the firm just a few weeks prior. The high-profile public debut comes at an unusually turbulent period for the global AI sector. In the immediate aftermath of the recent US midterm elections, the broader Nasdaq index recorded steep declines, driven by widespread investor anxiety that a Democrat-controlled Congress could introduce stricter regulatory measures that would both slow the pace of AI technology advancement and restrict the large-scale rollout of the high-power data centers that underpin generative AI systems. Beyond US policy concerns, global markets are also grappling with growing widespread skepticism over the trillions of dollars in cumulative capital poured into the AI ecosystem in recent years, with many stakeholders questioning whether these massive investments will ever deliver sustainable, long-term returns. Fiona Cincotta, senior market analyst at leading retail trading platform City Index, noted that Anthropic’s ambitious fundraising target stands out as “fairly bullish” against the backdrop of the pronounced volatility and rising risk aversion toward AI assets that have dominated market sentiment particularly over the past week. Speaking to Reuters, Cincotta added that the company’s bold IPO positioning signals sustained confidence from Anthropic’s leadership in the long-term growth trajectory of the AI industry, and a clear internal assessment that robust consumer and enterprise demand for its Claude AI products will continue to expand in the coming years.