Anthropic Sets IPO Terms to Raise Up to $64.4 Billion
Anthropic plans to list on the Nasdaq on November 19, targeting a valuation of up to $1.4 trillion with shares priced between $70 and $78.
AI laboratory Anthropic has set the terms for its initial public offering on the Nasdaq under the ticker ANT, aiming to raise up to $64.4 billion by selling 825 million shares. The company expects a share price between $70 and $78, which could value the creator of the Claude chatbot at up to $1.4 trillion. Public trading is scheduled to begin on November 19, following a final price setting on November 18.
As part of an amended filing, seven firms have agreed to a private placement of $26 billion in shares at the IPO price. Nvidia and Alphabet Inc. are the largest participants, each committing approximately $10 billion. Alphabet's investment fulfills a March 2026 financing agreement, while Advanced Micro Devices is contributing $2.5 billion toward a previous $5.0 billion commitment linked to a supply deal for Helios rack-scale systems.
Financial reports show rapid growth, with revenue reaching $33.2 billion from January through September 2026, compared to $2.5 billion in the same period the previous year. Despite this, the company reported a net loss of $23.3 billion, which includes a $21.9 billion non-cash charge related to the fair value of SAFEs, derivative liabilities, and convertible notes. The offering is currently approximately six times oversubscribed, though bankers indicated that existing backers will receive priority allocations.
