One of the most anticipated stock market debuts of 2026 is approaching, and Cameron Scrivens, President and Portfolio Manager at JCIC Asset Management, sees reasons for optimism.
Anthropic, the artificial intelligence company behind the popular Claude platform, is expected to begin trading on the Nasdaq on November 19, 2026, under the ticker symbol ANT.
The company is preparing an Initial Public Offering (IPO), the process through which a privately owned business offers shares to public investors for the first time. Anthropic hopes to raise as much as US$64.4 billion, with shares priced between US$70 and US$78.
Speaking with Roger Petersen on BNN Bloomberg's Trading Day, Scrivens acknowledged the company's extraordinary valuation, potentially exceeding US$1 trillion, but emphasized its growth potential.
"They're growing like a weed," Scrivens said, pointing to ambitious revenue projections for 2026 and 2027.
According to Bloomberg, Anthropic's proposed valuation has moderated considerably from earlier expectations approaching US$2 trillion. Recent volatility in technology stocks and concerns about AI investment spending have contributed to more cautious pricing.
Scrivens believes this adjustment could benefit investors.
"I do prefer when companies do leave some on the table for investors," he explained.
Anthropic's rapid revenue growth has attracted enormous interest, although substantial infrastructure costs and continuing losses remain important considerations. Investors will need to weigh those expenses against the company's long-term potential.
For Scrivens, the fundamental opportunity remains compelling.
"Claude is a pretty impressive product," he observed, adding, "We are big believers in AI."
As Anthropic prepares to enter public markets, its IPO could become a defining moment for the artificial intelligence industry, offering investors a new opportunity to participate directly in its growth while reinforcing the importance of disciplined valuations and long-term investment thinking.
Watch the full interview here:
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