GoKawiilAnthropic sets IPO price range at $70-$78 per share, targets Nov. 19 debut
Anthropic plans to offer 825 million shares priced between $70 and $78, according to an updated filing, with pricing expected Nov. 18 and trading to begin Nov. 19 on Nasdaq. At the top of that range the company could raise up to $64.35 billion and reach a fully diluted valuation of $1.405 trillion, up from $965 billion in May. Anthropic also disclosed a $26 billion private placement of Class N shares from AMD, Broadcom, Google, Micron, Microsoft, Nvidia and TSMC, priced at the IPO level but exempt from underwriter lock-ups.
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The roughly 20% retail allocation, far above the typical 5-10%, suggests Anthropic wants broad public participation in what could be one of the largest tech listings ever. The timing comes amid political uncertainty after midterm elections and investor wariness about AI infrastructure spending funded by debt, which CNBC's sources say had already led some investors to expect a lower valuation than previously anticipated. The chipmaker and cloud-provider backing via the private placement could signal continued strategic alignment between Anthropic and its hardware suppliers.
- IPO priced at $70-$78 per share with trading expected to start Nov. 19
- Potential valuation up to $1.405 trillion, nearly 46% higher than May's $965 billion
- Major tech firms including Nvidia, Microsoft and Google are buying $26 billion in shares via private placement
Source: cnbc.com — Ashley Capoot Leslie Picker, 2026-11-10
Published there as: “Anthropic sets IPO price range of $70 to $78, looks to start trading Nov. 19, sources say”
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