Anthropic advances Nasdaq IPO at $70–$78, near $1.4 trillion
First merged summary.
Anthropic’s planned Nasdaq IPO is about six times oversubscribed, with a $70–$78 range and pricing expected on November 18.
Anthropic is proceeding with a Nasdaq IPO under ticker ANT, selling 825 million Class A shares at $70 to $78. TechCrunch says that implies a fully diluted value of $1.404 trillion and could raise $57.75–$64.35 billion, plus $26 billion in a private Class N sale that includes $10 billion each from Google and Nvidia. The Decoder, citing Bloomberg, says orders are about six times the shares available, pricing is expected November 18, and banks are barring or unlikely to fill mainland China and Hong Kong orders, with some involved citing ITAR; Anthropic declined to comment. Goldman Sachs and Morgan Stanley lead. The Decoder on November 10 put the valuation at up to $1.02 trillion, while TechCrunch and later Decoder reports put it near $1.4 trillion.
- Each of seven co-founders is selling 3,378,378 shares, roughly $236–$264 million.
- TechCrunch reports founder voting power as both 50.1% and 51.1%.
- Nine-month revenue was $33.2 billion against a $104 billion net loss.
- Underwriters have a 30-day option on 123.75 million additional shares.
- The Decoder reports annualized revenue of about $81 billion by late October.
- Reed Hastings indicated he wants to buy $300 million of shares.
Timeline
dated events in the reporting · oldest first- Nov 18, 2026IPO pricing expected under Nasdaq ticker ANT · The Decoder
- Nov 19, 2026Nasdaq trading targeted near this date · TechCrunch
What each outlet adds
beyond the shared facts- The DecoderSix-times demand, China and Hong Kong limits, and November 18 pricing.
- TechCrunchShare math, founder sales, nine-month revenue, and the net loss.
- The VergeAnthropic confirmed Tuesday the IPO could rank among the largest.
Coverage
oldest first · one row per article · UTC- · 6d ago
The DecoderFirst report
Anthropic pushes ahead with pre-Thanksgiving IPO despite tech selloff, accepts lower valuation
Claude developer wants to raise $80–100 billion at $1.25–1.75 trillion valuation before Thanksgiving.
- · 4d ago
TechCrunch · AI
Anthropic reportedly moving ahead with IPO next week
Some investors want a valuation under $1.5 trillion, below earlier $2 trillion talk, the Journal reported.
- · 4d ago
Anthropic starts IPO roadshow with shares priced at $70 to $78
The prospectus covers 825 million Class A shares and a valuation of up to $1.02 trillion under ticker ANT.
- · 3d ago
Anthropic sets IPO range of $70 to $78, up to $1.404 trillion
The 825 million-share sale could raise as much as $64.35 billion, with Nasdaq trading targeted near November 19.
- · 3d ago
The Verge · AI
Anthropic targets a $1.4 trillion IPO as soon as next week
Shares are expected at $70 to $78, with Nasdaq trading under ANT aimed for Thursday or Friday next week.
- · 3d ago
Anthropic’s seven founders each plan to sell about $250M in IPO
Each will sell 3,378,378 shares; at the $74 midpoint that is just under $250 million apiece.
- · 22h ago
Anthropic IPO reported six times oversubscribed, seeking $64.4 billion
Bloomberg reports a roughly $1.4 trillion target valuation and a separate $26 billion private placement.
- · 19h ago
Banks bar Chinese and Hong Kong investors from Anthropic IPO over US export controls
Goldman Sachs and Morgan Stanley lead the Nasdaq deal, expected to price on November 18 under ticker ANT.