Anthropic, the developer of the Claude AI assistant, announced on November 10, 2026, that it had begun meeting potential investors ahead of its initial public offering. The company plans to offer 825 million Class A securities at $70 to $78 each, putting the offering’s potential size at about $64.4 billion.

Anthropic will offer approximately 801.4 million shares, while existing shareholders will sell another 23.6 million. The company plans to list on Nasdaq under the ticker ANT.

Private placement could lift total to $90.4 billion

Anthropic also expects to raise $26 billion through a private placement, according to Bloomberg. Potential investors include Google, Microsoft, NVIDIA, AMD, Broadcom, Micron and TSMC.

Together, the IPO and private placement could raise as much as $90.4 billion and value Anthropic at approximately $1.4 trillion. The IPO would rank among the largest in stock market history, although its base offering size would remain below SpaceX’s record offering of about $86 billion.

The underwriters will have 30 days after the IPO to purchase up to an additional 123.75 million shares. Exercising that option at the top of the price range could increase the proceeds by roughly $9.7 billion.

Proceeds and registration status

According to the registration documents, Anthropic plans to use the proceeds to expand its business and computing infrastructure, cover operating expenses and hire specialists.

Anthropic filed a confidential draft registration statement with the U.S. Securities and Exchange Commission on June 1, 2026. At the time, the company did not disclose the expected share price or offering size.

On October 26, Anthropic publicly filed an S-1 registration statement confirming its intention to list on Nasdaq. The company set the price range and number of shares later.

Anthropic said the registration statement has not yet become effective. The company cannot sell shares or accept purchase orders until the approval process is complete.

Source: Incrypted