Anthropic files for IPO targeting up to $1.4 trillion fully diluted valuation
Anthropic has filed for an initial public offering offering 825 million shares at $70 to $78 each alongside a $26 billion private placement, setting up a potential fully diluted valuation of up to $1.405 trillion.
Artificial intelligence developer Anthropic has filed for an initial public offering that could value the company at up to $1.405 trillion on a fully diluted basis, according to regulatory filings reported by CNBC. The company plans to sell 825 million shares within an indicative price range of $70 to $78 per share, which corresponds to an outstanding share valuation of roughly $916 billion to $1.02 trillion. In addition to the public offering, Anthropic is selling $26 billion of stock at the IPO price in a private placement to strategic partners including Google, Nvidia, AMD, Broadcom, Micron, Microsoft, and TSMC.[1][2][5][7][9]
The release of the amended filing followed confusion late Monday, when Anthropic sent bankers a preliminary version indicating it aimed to raise up to $69.3 billion by offering about 867 million shares at $70 to $80 each. According to emails reported by Reuters, Anthropic quickly followed up to retract the document, informing banks that the pricing terms were inaccurate and would be updated.[1][3][4][6][8][10][11]
Anthropic plans to price the offering on November 18 and begin trading November 19 on Nasdaq under the ticker symbol ANT, according to people familiar with the matter. The company is targeting a retail allocation of approximately 20%, significantly above the standard 5% to 10% seen in typical market debuts. Financial disclosures revealed revenue of $33.2 billion for the first nine months of 2026, alongside an adjusted operating profit of $4.08 billion and a GAAP net loss of $104.0 billion driven predominantly by non-cash charges on convertible notes.[4][5][9]
Key facts
- Anthropic filed to offer 825 million shares in its IPO at an expected price range of $70 to $78 per share.
- The IPO filing implies a fully diluted valuation of up to $1.405 trillion and an outstanding share valuation between $916 billion and $1.02 trillion.
- Alongside the IPO, Anthropic is selling $26 billion of stock at the offer price to strategic investors including Google, Nvidia, AMD, Broadcom, Micron, Microsoft, and TSMC.
- Anthropic previously retracted draft IPO materials sent to banks that had indicated a $69.3 billion raise at $70 to $80 per share, calling the pricing details inaccurate.
- The company expects to price the IPO on November 18, 2026, and start trading November 19 on Nasdaq under ticker ANT, targeting a retail investor allocation of around 20%.
- Anthropic reported $33.2 billion in revenue, an adjusted operating income of $4.08 billion, and a net loss of $104.0 billion for the first nine months of 2026.
Sources · 8 sources
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Quartz@qzPost on X ·
Anthropic retracted IPO pricing terms sent to banks, calling them inaccurate: Amended S-1 lists 825 million Class A shares at an estimated $70 to $78, plus a $26 billion private placement dlvr.it/TWGmdY https://t.co/QCUIs2PkkB
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TechmemeArticle ·
Filing: Anthropic's IPO could give it an up to $1.405T valuation on a fully diluted basis, up from the $965B valuation during its $65B Series H announced in May (CNBC) CNBC : Filing: Anthropic's IPO could give it an up to $1.405T valuation on a fully diluted basis, up from the $965B valuation during its $65B Series H announced in May — Anthropic said it will offer 825 million shares in its upcoming IPO at a price range between $70 to $78 per share …
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The Hindu@the_hinduPost on X ·
#Anthropic sent out and then retracted details of its blockbuster IPO filing, according to emails to bankers seen by Reuters late on November 9. The artificial intelligence company first sent a copy of a filing that showed Anthropic aimed to sell about 867 million shares in a price range of $70 to $80 per share, then followed up with an email saying details about the pricing were inaccurate. Anthropic in the second email said it would update the filing later. Credits: Reuters https://t.co/4OUlB9fGeN
Open source - WS
Wall St Engine@wallstenginePost on X ·
Anthropic is seeking to raise up to $69.3B in its IPO, below earlier expectations of $80B-$100B, Reuters reports. It plans to sell 866.7M new shares at $70-$80 each, with all proceeds going to the company. Trading could begin next week on Nasdaq under $ANT. https://t.co/HoF0ENA2T6
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CNBC@CNBCPost on X ·
Anthropic said it will offer 825 million shares in its upcoming IPO at a price range between $70 to $78 per share, according to an updated filing on Tuesday, bringing the five-year-old artificial intelligence lab a step closer to a potentially historic Nasdaq debut. The company is planning to price on Nov. 18 and trade on Nov. 19, according to people familiar with the details who were granted anonymity because they were not authorized to speak publicly. Anthropic is targeting retail allocation of about 20%, the people said, a much higher percentage than the typical IPO, which is 5% to 10% for retail investors. More: https://t.co/z1UeEBpMgT
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TechmemeArticle ·
Emails: Anthropic sent bankers a copy of its IPO filing showing plans to raise up to ~$69B, then followed up saying the pricing details were inaccurate (Echo Wang/Reuters) Echo Wang / Reuters : Emails: Anthropic sent bankers a copy of its IPO filing showing plans to raise up to ~$69B, then followed up saying the pricing details were inaccurate — Anthropic sent out and then retracted details of its blockbuster IPO filing, according to emails to bankers seen by Reuters late on Monday.
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Techmeme@TechmemePost on X ·
Filing: Anthropic's IPO could give it an up to $1.405T valuation on a fully diluted basis, up from the $965B valuation during its $65B Series H announced in May (@ashleycapoot / CNBC) (Visit Techmeme dot com for the link and full context!)
Open source - WS
Wall St Engine@wallstenginePost on X ·
Anthropic RETRACTED the IPO details it sent to banks on Monday, telling them the figures were inaccurate and that it will update its filing with new numbers. Note: The leaked filing had shown a price range of $70 to $80 a share and a raise of up to $69.3B. https://t.co/f1Y2QNGrZI
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Evan@StockMKTNewzPost on X ·
HERE IS EVERYTHING YOU NEED TO KNOW ABOUT ANTHROPIC HEADING INTO THE IPO The IPO: - Price range: $70 to $78 per share - 825M shares for sale - On top of the 825M shares Anthropic is selling $26B of stock to Google, Nvidia, AMD, Broadcom, Micron, Microsoft, and TSMC at the IPO price - Anthropic is raising ~$87B at the $74 per share midpoint, more than SpaceX's record $86.2B IPO - Ticker: $ANT on the Nasdaq The valuation: - Based on shares outstanding after the IPO: ~$916B to $1.02T - Fully diluted (including options and unvested stock): ~$1.26T to $1.41T The numbers (first 9 months of 2026): - Revenue: $33.2B, ~13x a year ago - Adjusted operating income: $4.08B (12% margin) - GAAP operating loss: $1.26B - Net loss: $104.0B, mostly from a $94.3B non-cash charge on convertible notes due to its valuation increase - Cash and short-term investments: $131.8B, about $212.7B after the IPO The customers: - 11,900+ paying $100K+ a year - 1,900+ paying $1M+ a year - ~250 paying $10M+ a year - Revenue per employee: $6.6M, up from $1.4M a year ago The efficiency: - Q3 revenue grew 1,127% from a year ago, while compute costs grew 382% - Anthropic says Opus 5.5 cut customer costs per task by about 40% vs Opus 5 The spending: - Anthropic has signed $900.9B worth of compute and infrastructure commitments - $451.6B of that is expected before the end of 2030, and $70.7B is due in the next 12 months Who controls Anthropic: - The 7 co-founders hold one special share with 50.1% of the vote - An independent trust elects a majority of the board - Public shareholders get 1 vote per share - Strategic partners like Google and Nvidia get no vote The lockups: - Most insiders can't sell for 180 days, and co-founders and large holders for 365 days - But employees can sell up to 10% of their locked-up shares on the first day of trading This was all taken from their IPO filing which came out today AS ALWAYS I will be posting all the major news around this IPO, so if you want to keep up with the news make sure you are following @StockMKTNewz
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Techmeme@TechmemePost on X ·
Emails: Anthropic sent bankers a copy of its IPO filing showing plans to raise up to ~$69B, then followed up saying the pricing details were inaccurate (@deer_echo_ / Reuters) (Visit Techmeme dot com for the link and full context!)
Open source - ET
Economic Times@EconomicTimesPost on X ·
Anthropic hit send on its IPO details, then quickly asked bankers to ignore them | Anthropic mailed bankers details of its blockbuster $69 billion IPO filing, only to retract it later saying that some of the pricing details were incorrect, according to a Reuters report citing sources. This comes amid growing investor concerns over the AI giant's massive valuations as the AI frenzy fizzles out. The maker of the Claude chatbot first sent a copy of the filing in which it said it will sell around 867 million shares in a price range of $70 to $80 per share. A follow-up email said the details about the pricing were inaccurate and that it would update the filing later, the report added, citing the emails Anthropic sent to bankers late on Monday. 📑 FULL STORY ➠ https://t.co/F1WWbQvw7c #AI #Anthropic #IPO #WallStreet #Technology
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