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Anthropic IPO Set at $70–$78 a Share as Roadshow Opens
What is the Anthropic IPO price range?
Anthropic (ANT) set its IPO price range at $70 to $78 a share on Tuesday, valuing it at up to $1.4 trillion, as its roadshow opened to raise up to $64.4 billion.
Key numbers
| IPO price range | $70–$78825M shares offered |
|---|---|
| Maximum IPO proceeds | $64.4Bplus $26B private placement |
| Top-end valuation (all shares and options) | $1.405Tvs $965B in May 2026 |
| Nine-month revenue (to Sept. 30) | $33.2Bvs $2.5B a year earlier |
| Annualized revenue pace (end of October) | ~$81Bfrom ~$71B in late September |
| Nine-month net loss | $104B$94.3B of it non-cash (per [3]) |
What happened
Anthropic (ANT) set its IPO price range at $70 to $78 a share on Tuesday, valuing it at up to $1.4 trillion, as its roadshow opened to raise up to $64.4 billion. It will sell 825 million shares, with Nasdaq trading expected on Nov. 19. The $1.4 trillion counts all stock options too; counting only issued shares, the value is about $1 trillion. Seven tech firms, including Google and Nvidia, also agreed to buy $26 billion of extra non-voting shares. Investors had once talked of $2 trillion, so this is lower than hoped.
Why it matters
Anthropic, the maker of the Claude AI assistant, is about to let the public buy its shares for the first time. The company is aiming to set aside about 20% of the offering for everyday investors, well above the usual 5% to 10%. The sale will also show how much people will pay for AI companies after a rough week, when the Nasdaq fell 5.5%.
Who this affects
- MarketmixedHigh impact
- Big test of investor appetite for AI after a sell-off.
- CompanybullishHigh impact
- Anthropic raises fresh cash; early backers can sell some shares.
- CompetitorsmixedMedium impact
- OpenAI, still private at $1.25 trillion, faces a public rival.
- IndustrymixedMedium impact
- AI chip and cloud firms are both funders and suppliers.
Anthropic vs OpenAI, SpaceX
| AnthropicANT | $1.4T (all shares, options) | IPO pricing Nov. 18 | $64.4B IPO + $26B private |
|---|---|---|---|
| OpenAI— | $1.25T | Private | $11B |
| SpaceX— | ~$1.75T (sought) | Listed June 2026 | — |
As of 2026-11-11
How we got here
Anthropic confidentially files for an IPO with US regulators.
Anthropic's IPO prospectus becomes public, naming Nasdaq ticker ANT.
Price range of $70–$78 set; investor roadshow begins.
What to watch
- Final IPO price is set, showing how strong investor demand is within the range.2026-11-18
- First day of Nasdaq trading under ANT.2026-11-19
Educational content only. Not investment advice.
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