breaking / AI

🚨 Anthropic Just Set Its IPO Price at $70 to $78 — a Raise of Up to $64 Billion

Anthropic launched its IPO roadshow: 825M shares at $70-$78 on Nasdaq as ANT, raising up to $64.4B plus a $26B private placement.

By Tech Arcade··2 min read

Anthropic Just Set Its IPO Price at $70 to $78 — a Raise of Up to $64 Billion — Tech Arcade
Photo: Shekai / Unsplash

Anthropic just put a price on itself. The Claude maker launched its IPO roadshow on Tuesday, November 10, offering 825 million shares at $70 to $78 each (Anthropic). At the top of that range, that’s about $64.4 billion raised in the IPO alone.

This is the big new step after a messy night. On Monday, Anthropic emailed bankers a draft with different terms (about 867 million shares at $70 to $80), then retracted it, saying the pricing was wrong and a corrected filing would follow (City AM). Today’s amended filing is that correction.

The shares will list on the Nasdaq under the ticker “ANT” (Anthropic).

⚡ What Happened

  • 801.4 million shares come from Anthropic itself; 23.6 million come from existing shareholders, and Anthropic gets nothing from those (Anthropic).
  • Underwriters get a 30-day option on 123.75 million more shares. Goldman Sachs and Morgan Stanley are the names on the prospectus.
  • Alongside the IPO, seven companies have agreed to buy $26 billion of stock at the IPO price: Google and Nvidia at about $10 billion each, AMD at $2.5 billion, Broadcom, Micron and Microsoft at about $1 billion each, and TSMC at about $0.5 billion (S-1/A via StockTitan).
  • Put together, Anthropic expects about $84.6 billion in net proceeds at the $74 midpoint.

🧠 Why It Matters

Do the math on the filing’s own share count (about 13.09 billion shares after the offering) and the midpoint values Anthropic at roughly $968 billion. That’s well below the $1.5 trillion investors were floating until recently (Yahoo Finance). Last week’s AI sell-off clearly took some air out of the number.

It’s still enormous. Anthropic posted $17 billion of revenue in the September quarter, up 1,127% year on year, and sits on about $95.6 billion in cash. It has also committed to roughly $900.9 billion of spending, mostly on compute (S-1/A via StockTitan).

That’s the point of the raise: your chatbot runs on very expensive chips, and several of the cornerstone buyers are the companies that sell them.

🔜 What To Watch

  • Pricing day. CNBC’s sources say trading could start November 19 (CNBC). Anthropic hasn’t confirmed a date.
  • Where in the range it lands. Strong demand could push it to $78 or above; a weak roadshow could mean a cut.
  • The wider AI trade. Anthropic’s debut is a live test of how much public investors will pay for AI after last week’s sell-off.

The final price and listing date are not yet confirmed.

Sources

❓ Quick answers

What is Anthropic's IPO price range?

Anthropic set a range of $70 to $78 per share for 825 million Class A shares when it launched its roadshow on November 10, 2026, according to the company.

How much will Anthropic raise in its IPO?

Up to about $64.4 billion from the IPO at the top of the range, plus a $26 billion private placement from Google, Nvidia, AMD, Broadcom, Micron, Microsoft and TSMC, per its amended S-1 filing.

When does Anthropic stock start trading and what is the ticker?

Anthropic has applied to list on the Nasdaq under ANT; CNBC's sources say trading could begin November 19, 2026, but the company has not confirmed a date.