Anthropic Sets IPO Price at $70–$80, Seeking Up to $69.3 Billion

What happened

The price range is out for the first time: a filing seen by Reuters on Nov 9 shows Anthropic plans to sell about 867 million new Class A shares at $70 to $80 each, raising about $69.3 billion at the top of the range. The amended S-1 filed on Nov 2 still left the price and share count blank; this filing fills in both.

Anchor demand is locked in alongside: Google, Nvidia, AMD, Broadcom, Micron, Microsoft and TSMC will invest a combined $26 billion through a private placement at the IPO price. The IPO and the placement together would raise roughly $87 billion to $95 billion; the IPO alone falls short of the roughly $75 billion record SpaceX set in June, while the combined total would pass it.

Timing and advisers: the Wall Street Journal reports the shares are expected to start trading on the Nasdaq under the ticker “ANT” as soon as Thursday or Friday next week, with Goldman Sachs and Morgan Stanley advising on the deal. The implied valuation was not disclosed, because the total number of shares outstanding after the offering was not reported.

Key facts

1. Reported by: Reuters, Nov 9, 2026, citing a filing it reviewed; the Wall Street Journal reported the anchor placement and listing timing the same day
2. Offering terms: about 867 million new Class A shares at $70 to $80 each, raising up to about $69.3 billion
3. Anchor placement: Google, Nvidia, AMD, Broadcom, Micron, Microsoft and TSMC will invest a combined $26 billion through a private placement at the IPO price
4. Combined size: roughly $87 billion to $95 billion for the IPO plus the placement; the IPO alone falls short of SpaceX’s roughly $75 billion record, while the total would exceed it
5. Valuation: the implied valuation was not disclosed, because the total share count after the offering was not reported
6. Listing: expected to start trading on the Nasdaq under the ticker “ANT” as soon as Thursday or Friday next week; Goldman Sachs and Morgan Stanley are advising
7. Backdrop: values as high as $2 trillion were floated a month ago; the Wall Street Journal reports some major investors pushed Anthropic to accept a valuation below the roughly $1.5 trillion previously expected; the Nasdaq Composite fell 5.5% on Nov 5
8. Process: the Nov 7 flash reported valuation talk of $1.1 trillion to $1.3 trillion; the Nov 2 amended S-1 left the price and share count blank, and this filing is the first to set a price range