New to this? Read it in simple words
- Anthropic wants to sell its shares to the public for $70 to $78 each.
- It plans to sell 825 million shares on Nasdaq under the name ANT.
- Seven tech companies will buy $26 billion more shares in a private deal.
- Reports value Anthropic at about $1.4 trillion at the top price.
- IPO
- The first time a company sells its shares to the public on a stock exchange.
- Roadshow
- Meetings where a company pitches its shares to investors before the sale.
- Fully diluted
- Counting all shares, including options and other rights that can become shares later.
Anthropic makes the Claude AI models. It filed publicly to list its shares in October, and added its third-quarter results on November 2. The new filing adds the numbers investors were waiting for: the price and the number of shares.
The offer
The offer covers 825,000,000 shares of Class A stock, priced between $70 and $78 each. Anthropic itself sells 801,351,354 of them. Existing shareholders sell the other 23,648,646, and Anthropic gets no money from those.
The banks running the sale can buy up to 123,750,000 extra shares within 30 days. The shares will trade on the Nasdaq Global Select Market under the symbol “ANT”. Anthropic has not given a date for the first trade.
Share numbers from Anthropic’s filing. Totals at the top of the range.
How much money
At $78, all 825 million shares would raise about $64.4 billion, Fortune reports. Anthropic’s own part is about $62.5 billion, IBTimes notes, because the rest goes to the selling holders.
On top of that, seven companies agreed to buy $26.0 billion of non-voting Class N stock at the IPO price. They are AMD, Broadcom, Google, Micron, Microsoft, Nvidia and TSMC. The filing says Google and Nvidia would each pay about $10.0 billion at a $74 price.
Anthropic estimates its net money from the offer and the private deal at about $84.6 billion, at a $74 share price.
What the price means
TechCrunch calculates a value of about $1.4 trillion at the top of the range on a fully diluted basis, which counts options and other rights to future shares. Counting only the shares outstanding after the offer, The Decoder puts it at about $1.02 trillion.
In a private funding round in May, Anthropic was valued at $965 billion, TechCrunch reports. Fortune notes that the sale comes during a broad sell-off in AI stocks.
Its suppliers are also its investors
Several of the buyers in the private deal also sell Anthropic chips or computing power. The filing says Google pays its part from investment it had already promised.
The private shares are not part of the public offer, and they close only after the IPO is complete. The banks earn no fee on them.
Sources
Every fact in this story comes from the sources below. Open them to check our work.
- 1Primary source · November 10, 2026Anthropic launches roadshow for proposed initial public offering Anthropic
- 2Primary source · November 10, 2026Anthropic, PBC: Amendment No. 2 to Form S-1 US Securities and Exchange Commission
- 3Research · November 10, 2026Anthropic sets IPO price range of $70 to $78 per share to reach an implied valuation of $1.404 trillion TechCrunch
- 4Research · November 10, 2026Anthropic sets IPO range valuing it at up to $1.4 trillion amid AI stock sell-off Fortune
- 5Research · November 10, 2026Anthropic Plans to Raise up to $62.5 Billion in Its IPO. Seven Tech Giants Are Investing Another $26 Billion. IBTimes
- 6Research · November 10, 2026Anthropic kicks off IPO roadshow, offering shares at $70 to $78 and targeting a trillion-dollar valuation The Decoder
The share numbers and the private deal come from Anthropic’s filing. The total values are outlets’ own calculations from the price range, so they differ by how shares are counted.
Anthropic sets its IPO price at $70 to $78 a share. Silicon AI News, November 10, 2026. https://siliconainews.com/stories/anthropic-ipo-roadshow-price-range
Anthropic’s IPO could raise about $64.4 billion, plus $26 billion from tech companies, though AI stocks are selling off. How we rate the mood
The mood shows how the news frames the event for the tech and AI world: as an opportunity (6 and above) or as a loss (below 5). It is not our verdict on who is right.