Skip to content

Business & MarketsDeveloping

Anthropic sets $70-$78 IPO price range, targeting valuation near $1.4 trillion

By

Coverage spectrum

Covered by 22 outlets across the spectrum.

47 articles in total, 2 of them opinion. The spectrum counts each outlet once and leaves opinion out. How we measure bias

Laptop screen displaying the Anthropic wordmark in front of glowing code on monitors.
Image via CNBCHow images are chosenReport this image

Anthropic has set a price range of $70 to $78 a share for its initial public offering, according to an updated filing, a range that would value the AI company at about $1.4 trillion. Anthropic plans to list on the Nasdaq on November 19. Bloomberg and Semafor report, citing people familiar with the matter, that the offering has drawn several times more orders than shares available. Semafor says the deal comes amid a tech stock pullback, with the Nasdaq posting its biggest monthly loss in over a year in October and investors worried about overspending and debt. The New York Times reports that Nvidia plans to invest $10 billion in Anthropic alongside the offering. The New York Post reports the target is down from an earlier $2 trillion valuation sought.

Headline and summary written by Mantle’s AI from the coverage below, under published rules. Editors read every story. How this works

What happened

Key points

Each point shows who reports it, from Far Left to Far Right.

  1. Anthropic set an IPO price range of $70 to $78 a share in an updated filing.

    Reported byCenter2Far Right1See the outletsHide the outlets
    Center
    France 24, United Press International
    Far Right
    Breitbart News

  2. The offering would value Anthropic at about $1.4 trillion.

    Reported byLeft1Center1Right2Far Right1See the outletsHide the outlets
    Left
    Al Jazeera English
    Center
    France 24
    Right
    The Washington Times, New York Post
    Far Right
    Breitbart News

  3. Anthropic plans to debut on the Nasdaq on November 19.

    One outletUnited Press International· Center

  4. The offering has drawn several times more orders than shares available, according to people familiar with the matter.

    Reported byLeft1Center1See the outletsHide the outlets
    Left
    Bloomberg
    Center
    Semafor

  5. Nvidia plans, according to reports, to invest $10 billion in Anthropic alongside the IPO.

    One outletThe New York Times· Left

Show 2 more pointsShow fewer points

  1. The Nasdaq posted its biggest monthly loss in over a year in October amid investor worries about overspending and debt.

    One outletSemafor· Center

  2. The target is reported to be down from a $2 trillion valuation Anthropic had earlier sought.

    One outletNew York Post· Right

How each side tells it

Compare views

Every side reports a planned valuation near $1.4 trillion for Anthropic’s IPO, with a Nasdaq listing set for November 19. The main difference is emphasis: left and center headlines stress investor demand and deal scale, while right headlines center the valuation and, for the New York Post, the cut from $2 trillion.

  • the left

    9 outlets

    Left-side headlines in this set are short business-news lines that lead with demand and deal scale, such as Bloomberg’s oversubscription report and the New York Times’s tie to Nvidia.

    Anthropic’s IPO Is Said to Be Multiple Times Oversubscribed
    BloombergLeftAll left-leaning headlines

  • the center

    10 outlets

    Center headlines mix the demand story with price and valuation facts, and the FT frames the deal as a question of worth, as in its calculator piece.

    Demand remains strong for Anthropic IPO despite tech pullback
    SemaforCenterAll center headlines

  • the right

    3 outlets

    Right-side headlines lead with the $1.4 trillion valuation and the price range, often citing a filing, and the New York Post stresses the cut from an earlier $2 trillion.

    Anthropic targets $1.4 trillion market value in blockbuster IPO — down from earlier reported $2 trillion
    New York PostRightAll right-leaning headlines

The words they chose

Language to notice

Words that carry a judgement beyond the facts. Tap a highlighted word anywhere on the page to see why.

  • Left9

    Nvidia Scandalmassive financial gambleModestblockbuster

  • Center4

    exposing jitterspotentially historiclove affair with a suspected Chinese spytoo important to fail

  • Right0

    No loaded words in its own voice.

In the outlets’ own words

  • Sensational language

    Nvidia ScandalMore neutral: Nvidia news

    The word scandal implies wrongdoing that the supplied text does not describe or establish.

    Anthropic Prepares to Market IPO as Nvidia Scandal Stokes AI Jitters

    Used byBloomberg (Left)

  • Loaded verb

    exposing jittersMore neutral: amid jitters

    The verb presents investor unease as something the filing error revealed, a reading the reported facts do not establish.

    Anthropic reportedly retracts IPO terms sent to banks by mistake, exposing jitters over AI investments

    Used byMarketWatch (Center)

  • Sensational language

    massive financial gambleMore neutral: a high-risk investment

    The excerpt calls the IPO a large gamble in the outlet’s own voice, while the same sentence presents this as one of two views, so the description is contested.

    …it, in ways that amount to either a once-in-a-generation opportunity — or a massive financial gamble, depending on whom you ask.

    Used byCNN (Left)

  • Sensational language

    potentially historicMore neutral: Nasdaq debut

    Describing the Nasdaq debut as historic adds a judgement of importance that the filing does not state.

    …bringing the five-year-old artificial intelligence lab a step closer to a potentially historic Nasdaq debut.

    Used byCNBC (Center)

Show 9 more phrasesShow fewer

  • Loaded modifier

    ModestMore neutral: $1.02 trillion

    Calling the valuation modest is a judgement about its size that the Reuters report does not make; it reports only the figure and that it is below earlier discussion.

    Anthropic Sets Modest $1 Trillion IPO Valuation Target In Test Of Wall Street's AI fervor

    Used byHuffPost (Far Left)

  • Sensational language

    blockbusterMore neutral: large

    Calling a planned offering blockbuster presents its expected success as settled before it has happened.

    Anthropic sets a price range for its blockbuster IPO

    Used byBusiness Insider (Left)

  • Vague attribution

    widely reportedMore neutral: reported by other news outlets

    The earlier $2 trillion target is attributed to an unnamed general audience rather than to a named source.

    The developer of the Claude chatbot was widely reported to be targeting a $2tn initial public offering on Wall Street but its sights have…

    Used byThe Guardian (Left)

  • Sensational language

    windfallMore neutral: large legal fees

    Calls the legal fees a windfall, implying outsized gains beyond the reported budget figure.

    Anthropic's IPO is poised to create a windfall in legal fees for elite law firms, including Wilson Sonsini and Freshfields.

    Used byBusiness Insider (Left)

  • Sensational language

    hefty sumMore neutral: $41.5 million

    Adds an evaluative judgement of size that the $41.5 million figure alone does not carry.

    That is a hefty sum even by IPO standards.

    Used byBusiness Insider (Left)

  • Sensational language

    love affair with a suspected Chinese spyMore neutral: reported relationship with a person suspected of spying for China

    A personal relationship allegation unrelated to the IPO is framed as a sensational spy story.

    …first, chip giant Nvidia continues to face pressure over its CEO's love affair with a suspected Chinese spy.

    Used byFrance 24 (Center)

  • Sensational language

    affair with an alleged spyMore neutral: relationship with a person alleged to be a spy

    A personal relationship allegation unrelated to the IPO is framed as a sensational spy story in a promotional line.

    …Bloomberg Opinion Columnist discusses the latest news on Jensen Huang’s affair with an alleged spy.

    Used byBloomberg (Left)

  • Absolutist framing

    too important to failMore neutral: is a major test for the market

    The headline presents a contested judgement about the offering as settled fact.

    Anthropic’s IPO is too important to fail

    Used byFinancial Times (Center)

  • Loaded verb

    Collide WithMore neutral: AI doubts weigh on Anthropic's IPO

    The verb suggests a clash between AI doubts and the IPO, which the article does not report as a conflict.

    AI Doubts Collide With Anthropic’s Mega IPO

    Used byBloomberg (Left)

See the full language guide

See for yourself

Side by side

What each side leads with and what it leaves out. Open a side to read its headlines.

From the left

9 outlets

Leads with

  • investor demand
  • deal size and valuation
  • Nvidia ties

Leaves out

  • Earlier $2 trillion valuation target
  • Nasdaq’s October loss and tech pullback

Reported by other sides, not found in this side’s coverage.

See the 9 headlines from the leftHide the headlines

From the center

10 outlets

Leads with

  • investor demand
  • tech stock pullback
  • price range per share

Leaves out

  • Nvidia’s planned $10 billion investment

Reported by other sides, not found in this side’s coverage.

See the 10 headlines from the centerHide the headlines

From the right

3 outlets

Leads with

  • valuation figure
  • price range from filing
  • down from $2 trillion
See the 4 headlines from the rightHide the headlines

The stories you read build My Mix, a private picture of which sides cover the stories you choose, kept on this device. What is My Mix?

The left is Far Left and Left together. The right is Right and Far Right together. Every outlet keeps its own five-point rating.

Who reported it when

How the coverage built up

  • Left

    First to report

    Bloomberg, Nov 9, 9:20 AM EST

  • Center

    9 hr 10 min later

    Its first report, Nov 9, 6:30 PM EST

  • Right

    23 hr 13 min later

    Its first report, Nov 10, 8:33 AM EST

See the order the outlets reported inHide the order
  1. BloombergLeftNov 9, 9:20 AM EST
  2. CNBCCenterNov 9, 6:30 PM EST
  3. MarketWatchCenterNov 10, 5:48 AM EST
  4. CNNLeftNov 10, 6:00 AM EST
  5. HuffPostFar LeftNov 10, 6:46 AM EST
  6. Business InsiderLeftNov 10, 7:00 AM EST
  7. Financial TimesCenterNov 10, 7:06 AM EST
  8. SemaforCenterNov 10, 7:23 AM EST
  9. The New York TimesLeftNov 10, 7:23 AM EST
  10. Sky NewsCenterNov 10, 7:43 AM EST
  11. BBC NewsCenterNov 10, 8:01 AM EST
  12. ABC NewsLeftNov 10, 8:13 AM EST
  13. The Boston GlobeFar LeftNov 10, 8:14 AM EST
  14. The Washington TimesRightNov 10, 8:33 AM EST
  15. New York PostRightNov 10, 10:10 AM EST
  16. Breitbart NewsFar RightNov 10, 10:19 AM EST
  17. The HillCenterNov 10, 10:37 AM EST
  18. The GuardianLeftNov 10, 11:13 AM EST
  19. United Press InternationalCenterNov 10, 11:23 AM EST
  20. Al Jazeera EnglishLeftNov 10, 12:21 PM EST
  21. Scripps NewsCenterNov 10, 1:35 PM EST
  22. France 24CenterNov 10, 4:39 PM EST

Times are the ones the outlets published in their own feeds, in Eastern time. Opinion is left out.

Read next

Help someone else find the truth beneath the surface

Most people see one side of a story. Share this one, so they can see how every side is telling it and decide for themselves.

Email it
Embed

Show this story’s coverage card on your own site, blog or class page. It has the headline, who is covering it and a link back here, and it tracks nobody. See the card

Seen a mistake? Tell us what is wrong with this page