Anthropic Seeks $1.4 Trillion Valuation in First AI Lab IPO

Anthropic is preparing for an initial public offering with a sought valuation of $1.4 trillion, marking the first time a frontier AI lab has gone public. Early indications from a seven-day roadshow suggest the offering is multiple times oversubscribed, although some analysts remain skeptical of the valuation.

These moves occur alongside other major corporate transactions driven by urgency to close deals before potential regulatory shifts following the U.S. midterm elections. Marvell Technology is planning a $115 billion all-stock acquisition of Lumentum, a deal currently facing regulatory hurdles and market skepticism. In the health sector, Oura acquired the AI doctor service Council Health for $625 million in cash after previously postponing its own IPO.

CVS Health is also restructuring its operations. CEO David Joiner announced plans to spin off the company's retail pharmacy business into a standalone entity by the first half of 2028. The company stated this move is intended to better serve customers and navigate a more restrictive regulatory environment.