Tech · November 10, 2026
Anthropic sets IPO price range of $70 to $78 per share to reach an implied valuation of $1.404 trillion
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Anthropic has filed an updated prospectus for its initial public offering, establishing an expected price range of $70.00 to $78.00 per share. The offering of 825 million Class A shares aims to raise up to $64.4 billion, potentially valuing the company at $1.404 trillion on a fully diluted basis. Alongside the IPO, Anthropic has arranged a $26 billion private sale of non-voting Class N stock to a consortium of technology partners, including $10 billion investments each from Google and Nvidia. The company, founded in 2021 by former OpenAI employees, is seeking a listing on the Nasdaq Global Select Market under the symbol "ANT," with trading expected to begin as early as next week.
Read the original coverage
- ReutersWire
EXCLUSIVE: Anthropic IPO to raise as much as $64.4 billion, latest draft prospectus shows
Read at Reuters ↗ - The VergeTrade
Anthropic targets $1.4 trillion IPO
Read at The Verge ↗ - TechCrunchTrade
Anthropic sets IPO price range of $70 to $78 per share to reach an implied valuation of $1.404 trillion | TechCrunch
Read at TechCrunch ↗ - New York PostTabloid
Anthropic targets $1.4 trillion market value in blockbuster IPO — seven co-founders to receive nearly $18B apiece
Read at New York Post ↗ - CNBCMainstream
Anthropic's trillion-dollar IPO is coming, but retail investors could have owned AI stock much earlier
Read at CNBC ↗ Anthropic Lodges Australian Prospectus, Opening IPO to Retail
Read at Bloomberg ↗
Reported by multiple outlets
- The IPO price range is expected to be between $70.00 and $78.00 per share
- The offering includes 825 million Class A shares
- Anthropic plans to list on the Nasdaq Global Select Market under the symbol "ANT"
- The company was founded by former OpenAI employees
- Anthropic is seeking a valuation of approximately $1.4 trillion
Reported by only some outlets
- The IPO could raise as much as $64.4 billion
- Trading is expected to begin Thursday or Friday next week, potentially Nov. 19
- The seven co-founders will receive nearly $18 billion apiece in the deal and cash in $250 million each from the sale
- Anthropic has arranged a separate $26 billion private sale of Class N stock to companies including AMD, Broadcom, Google, Micron, Microsoft, Nvidia, and TSMC
- Google and Nvidia are contributing $10 billion each to the private sale
- The IPO is open to retail investors in Australia
- Total net proceeds are estimated between $84.6 billion and $93.7 billion including private sales and underwriter options
- The company reached a $965 billion valuation in a May fundraise
- CEO Dario Amodei was reportedly referred to by government officials as a 'weirdo'
- Co-founder Christopher Olah recently spoke at the Vatican about AI concerns
Industry-friendly coverage frames it as…
highlight the massive scale of the offering and the strategic participation of major tech partners like Nvidia and Google
Skeptical / consumer coverage frames it as…
note that the current valuation targets fall short of earlier $2 trillion goals and point to a 'pullback' in AI interest and safety concerns
Numbers that differ
- Total amount raised by IPO: Reuters reports as much as $64.4 billion; TechCrunch reports $64.35 billion.
- Implied valuation: The Verge reports as high as $1.4 trillion; TechCrunch reports $1.404 trillion.
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