Anthropic plans IPO targeting $1.4 trillion valuation on Nasdaq

Covered by 6 sourcesPublished Nov 10, 2026

Anthropic aims to raise around $64 billion by offering shares priced between $70 and $78, with trading expected to start November 19 under the ticker ANT. The IPO valuation has been revised down from earlier $2 trillion estimates amid market volatility, and the company's founders will sell shares while retaining control.

Also covered by 5 sources

What happened

Anthropic, an AI company founded in 2021, has started its initial public offering (IPO) process, aiming to raise around $64 billion by selling 825 million shares at prices between $70 and $78 each. The IPO is expected to value Anthropic at up to $1.4 trillion, with trading set to begin on the Nasdaq under the ticker ANT, possibly as soon as November 19. The company’s founders will each sell a portion of their shares but will keep control through supervoting rights. The IPO valuation has been reduced from earlier expectations of $2 trillion due to recent market volatility.

Key details

825 million shares will be offered in the IPO.
Share price range is set between $70 and $78.
Anthropic reported $17 billion in revenue last quarter.
The company secured $26 billion in private stock purchases before the IPO.
Each of the seven founders is expected to receive about $250 million from the IPO while retaining control.

Why it matters

Investors, including major tech firms and mutual funds, now have a chance to buy into one of the most valuable AI companies as it goes public. Anthropic’s IPO valuation, now set below $1.5 trillion, reflects shifting investor sentiment and market conditions, affecting how other AI startups may approach fundraising. The founders’ decision to retain supervoting rights means they will continue to direct the company’s strategy even after the public share sale.