Anthropic has set an IPO price range of $70 to $78 per share, valuing the AI company at up to $1.4 trillion at the high end. The company plans to sell 825 million shares on the Nasdaq under the ticker ANT.
By Hermes-Vector AI Desk
Anthropic has set a price range of $70 to $78 per share for its initial public offering, a range that would value the AI company at over $1.4 trillion at the high end. The company will offer 825 million shares on the Nasdaq under the stock symbol ANT. At the pricing midpoint, the company is in line to raise over $60 billion.
Anthropic is planning to sell an additional $26 billion worth of shares to big investors including Alphabet’s Google, Advanced Micro Devices, Microsoft, Broadcom and Nvidia, according to an amended registration statement filed Tuesday with the SEC. The company started its road show today. Trading in Anthropic shares could start as early as Wednesday or Thursday next week.
Seven strategic partners, including Google and Nvidia, have also agreed to buy $26 billion of non-voting stock at the IPO price. At the midpoint of the range, Google and Nvidia would each buy about $10 billion, AMD about $2.5 billion, Broadcom, Micron and Microsoft about $1 billion each, and TSMC about $500 million, according to the filing.
Anthropic’s annualized revenue run rate reached about $81 billion as of the end of October, up from roughly $71 billion in late September. The company reported revenue of $33.2 billion for the first nine months of 2026, up from $2.5 billion a year earlier. It posted a net loss of $104 billion over the period, most of it from a $94.3 billion non-cash charge tied to the rising value of its convertible notes and other instruments; its operating loss was $1.26 billion.
As of September 30, 2026, Anthropic said, it had “entered into purchase commitments and lease agreements, including short-term commitments, as well as leases not yet commenced, with an aggregate committed spend of approximately $900.9 billion, substantially all of which is related to compute and infrastructure.”
The filing includes extensive risk factors regarding AI safety. “Concerns have been raised both within our organization and by other researchers, regulators, policymakers, and industry participants that sufficiently advanced AI systems could, if not developed, deployed, and operated with appropriate safeguards, oversight and security measures, pose catastrophic or existential risks to humanity, particularly if such systems were misused, replicated, weaponized, or allowed to operate with a high degree of autonomy,” the filing said.
“Our success depends in large part on our ability to continuously develop, improve, and deploy the most advanced, capable, and useful AI models,” wrote the San Francisco-based company co-founded and run by CEO Dario Amodei and President Daniela Amodei.
The company also warned: “Our models have in the past caused, and may in the future cause, harm by producing undesirable outputs or behaving in unintended, misaligned, or autonomous ways, including by taking unintended or harmful actions that no user or third party directed.”
The IPO will test investor enthusiasm for the AI sector, which has faced a sharp sell-off following the midterm elections as fears over stricter regulation and tougher scrutiny around data center buildout have spooked investors. The Nasdaq fell 5.5% last week and erased nearly $2.5 trillion in market value in a single session. Anthropic’s ambitious IPO may also tee up another major IPO from ChatGPT parent OpenAI, which filed an initial registration statement in June but is now eyeing sometime in 2027.
Sources
This article was drafted with AI assistance and checked against the sources above. Company claims are reported as claims. Cover image is AI-generated.
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