Latest. Anthropic filed the terms with the Securities and Exchange Commission on Tuesday. Amendment No. 2 to its Form S-1 offers 825,000,000 Class A shares at an estimated price of $70.00 to $78.00 a share. Anthropic itself sells 801,351,354 of the shares and selling stockholders sell 23,648,646, so at $78 the offering raises up to $64.35 billion in gross proceeds, about $62.5 billion of it to the company, before any exercise of the underwriters’ option to buy a further 123,750,000 shares. The stock is to list on the Nasdaq Global Select Market under the symbol ANT, with Goldman Sachs, Morgan Stanley and J.P. Morgan at the head of a 22 bank syndicate.
Alongside the public offering, seven strategic investors have agreed to buy $26.0 billion of non-voting Class N stock in a private placement at the IPO price: Advanced Micro Devices, Broadcom, Google, Micron Technology, Microsoft, Nvidia and TSMC Partners. The placement is contingent on the offering and is scheduled to close immediately after it. At $78, the shares outstanding after the offering and the placement value the company at about $1.02 trillion, and CNBC calculates up to $1.405 trillion on a fully diluted basis, above the $965 billion mark set in its May financing and well below the $1.5 trillion to $2 trillion discussed in October.
The filing also fixes the financial base the price rests on. Revenue for the nine months ended September 30, 2026 was $33.242 billion, against $2.545 billion in the same period a year earlier, and the operating loss narrowed to $1.26 billion from $5.224 billion. The price range is an estimate in a preliminary prospectus, not a final price: it is set after the roadshow, and reports continue to point to pricing and a first trade in mid November.
Earlier. Anthropic’s latest draft prospectus points to an initial public offering raising as much as 64.4 billion dollars, Reuters reported on Tuesday, as the company gears up to launch marketing of the deal. The draft shows the company and some of its investors selling shares in an indicative band of 70 to 78 dollars a share, and deal details are expected to be announced soon. Anthropic did not respond immediately to a request for comment. The updated draft replaces the circulated copy whose pricing the company disowned on Monday; that copy had pointed to a raise of as much as 69.3 billion dollars.
Earlier. Anthropic has retracted the pricing information in the copy of its IPO filing circulated to bankers, Reuters reported on Monday, citing emails it had seen. The company emailed bankers that the pricing details were inaccurate and that an updated filing would be provided later. The retracted copy had pointed to an offering of about 867 million shares at 70 to 80 dollars apiece, raising as much as 69.3 billion dollars, the figure carried in this story’s previous update. No corrected share count, price range or raise size was given.
Earlier on Monday. Anthropic was aiming to raise as much as 69.3 billion dollars in the offering, according to a copy of a filing seen by Reuters on Monday, a figure below the up to 100 billion dollars reported earlier in the process and one that would still rank among the largest initial public offerings on record.
Anthropic could begin trading via its initial public offering as soon as next week, The Wall Street Journal reported on Monday, with trading possibly starting on the Thursday or Friday, according to people familiar with the matter cited by Seeking Alpha. The company has been aiming to hold the offering in the week of November 16 and had been expected to raise up to 100 billion dollars, which would make it the largest IPO on record.
The timing firms up even as the price comes under pressure: three major investors planning to buy into the offering told the Journal last week that the 1.5 trillion dollar valuation Anthropic had targeted will likely have to come down, with one pointing to roughly 1 trillion dollars, after the selloff in AI stocks. Scaling back the size of the offering, or postponing it, also remains possible, the Journal reported.