Anthropic opens its IPO roadshow at $70 to $78 a share
Anthropic began marketing 825m Class A shares at $70 to $78 each and applied to list on the Nasdaq Global Select Market under the symbol ANT.
Source published · In the Daily Brief of 11 November 2026
Filed under AI industry, Markets
Anthropic said on 10 November that it had launched the roadshow for its initial public offering. Of the 825m shares on offer, 801,351,354 are being sold by the company and 23,648,646 by existing stockholders, whose proceeds go to them rather than to Anthropic. The underwriters, led by Goldman Sachs and Morgan Stanley, have a 30-day option to buy up to 123.75m more shares.
At the top of the range the base offering comes to about $64.4bn, which Reuters reported as the most the company and its investors could raise. CNBC, citing the filing, reported a fully diluted valuation of up to $1.405tn, against $965bn in the Series H round announced in May. Reuters also reported about $26bn more from cornerstone investors including Google, AMD and Nvidia.
The roadshow follows an episode reported by Reuters on Monday in which Anthropic sent bankers a filing with pricing details and then told them those details were inaccurate. The registration statement has not yet become effective.