According to CoinMeta, Dan Niles indicates that Anthropic will do whatever it takes to complete IPO, but the key factor is price. He expects that despite billions of dollars in capital commitments, the final price and amount of financing will be much lower than people imagine due to slowing growth and rising funding costs. The application documents for Anthropic show that the fully diluted valuation is approximately $1.26 trillion to $1.41 trillion, which is lower than the previously reported $1.5 trillion.