Anthropic launches IPO roadshow with price range of $70 to $78 and target valuation of about $1 trillion
On November 10, Anthropic launched the roadshow for its Class A common stock IPO, planning to offer 825 million shares at a price range of $70 to $78 per share, and intends to list on the Nasdaq Global Select Market under the ticker symbol ANT. Partners including AMD, Broadcom, Google, Micron, Microsoft, Nvidia, and TSMC will purchase $26 billion of its Class N common stock through private placements, and the company aims to achieve a valuation of about $1 trillion in the IPO. As of October 31, 2026, Anthropic's annualized revenue was about $81 billion, an increase of $10 billion from September 30.
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The original text provides the IPO price range, number of shares offered, and annualized revenue, allowing readers to assess the scale and valuation level of Anthropic's listing.
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Anthropic to Issue 825 Million Shares: IPO Price Range of $70 to $78, Targeting a Valuation of About $1 Trillion Phoenix Tech Download the App for Exclusive Early Access November 10, 2026, 20:04:17 From Beijing Updated November 10, 2026, 19:50:44
Phoenix Tech News (Author/Yun Fei) On November 10, Anthropic launched the roadshow for its initial public offering (IPO) of Class A common stock. The offering consists of 825 million shares of Class A common stock, of which 801,351,354 shares are being issued by Anthropic and 23,648,646 shares are being sold by certain existing shareholders. Anthropic will not receive any of the proceeds from the shares sold by existing shareholders. The Anthropic IPO is expected to be priced next Wednesday and to begin trading on Thursday.
Anthropic intends to grant the underwriters a 30-day over-allotment option to purchase up to an additional 123.75 million shares of Class A common stock. The estimated price range for the offering is $70 to $78 per share. The company has applied to list on the Nasdaq Global Select Market under the ticker symbol ANT.
The company said that partners including AMD, Broadcom, Google, Micron, Microsoft, Nvidia, and TSMC will purchase $26 billion of its Class N common stock through private placements, and it plans to achieve a valuation of about $1 trillion in the IPO.
Anthropic also said that, as of October 31, 2026, its annualized revenue was approximately $81 billion, an increase of $10 billion from September 30, 2026. In addition, Anthropic has about 250 customers whose revenue over the past 12 months was at least $10 million.