Anthropic files for IPO targeting up to $1.02 trillion valuation
Anthropic has filed for an initial public offering that aims to raise as much as $64.4 billion, according to a regulatory filing reported by Reuters. The company is targeting a valuation of up to $1.02 trillion, based on Reuters calculations of the outstanding shares listed in the filing.
The IPO will offer 825 million Class A common shares at an indicative price band of between $70 and $78 per share. Of these shares, 801,351,354 will be sold by the company, while selling stockholders will offer an additional 23,648,646 shares.
Anthropic will also raise $26 billion through a separate private placement with cornerstone investors, including Alphabet's Google, Nvidia, Advanced Micro Devices, Broadcom, Micron Technology, Microsoft, and TSMC. Together with the IPO, the combined offering will raise up to $90.4 billion.
Certain Anthropic board members and entities affiliated or associated with them have indicated interest in buying up to $303 million of Class A shares in the IPO at the offering price.
The company's run-rate revenue reached approximately $81 billion as of October 31, 2026, it said, representing a $10 billion increase from September 30, 2026. In the third quarter, Anthropic's net loss narrowed as revenue jumped 47 percent from a quarter earlier to $16.96 billion, though the pace of growth slowed after surging 144 percent in the prior quarter.
Anthropic has nearly $900 billion in computing commitments with partners including Amazon and Alphabet's Google. The shares are expected to trade on the Nasdaq under the ticker symbol "ANT". Goldman Sachs and Morgan Stanley are leading the syndicate of investment banks underwriting the offering.