Anthropic Opens Australian Retail Offer for Its Planned Nasdaq IPO

What happened
Anthropic began accepting applications from eligible Australian investors for its planned Nasdaq initial public offering on November 11, 2026, through the broker Stake. The offer allows individuals to request Class A shares before the public listing, with the application window closing on November 17, 2026. The IPO involves 825 million shares, priced between $70 and $78 each, and trading is expected to start on November 19, 2026. Anthropic reported significant revenue growth in the third quarter of 2026 ahead of the offering.
Key details
- Minimum application amount for Stake users is US$500, with a maximum of US$50 million per account.
- Applicants may receive all, some, or none of the shares they request, and can cancel requests until November 17, 2026.
- Only Stake, Bell Potter, CommSec, Macquarie, and Sharesies are authorized to offer Anthropic's IPO shares in Australia.
- Anthropic reported $17 billion in Q3 2026 revenue, a more than 12-fold increase from the previous year.
- The company posted a $23.3 billion net loss for the quarter, largely due to a $21.9 billion non-cash charge related to convertible notes.
Why it matters
Australian retail investors now have a direct way to participate in Anthropic's IPO, but must finalize their applications before the final share price is set and without certainty about how many shares they will receive. The offering gives individuals access to a major technology IPO that is not listing on the Australian Securities Exchange. The large revenue increase and reported losses provide potential investors with key financial information as they decide whether to participate.
