GoKawiilAnthropic prices IPO shares at $70-$78, targeting up to $1.4 trillion valuation
Anthropic filed updated IPO terms offering 825 million Class A shares priced between $70 and $78, which could raise up to $64.35 billion and value the company at as much as $1.404 trillion fully diluted. Separately, the company said it will sell $26 billion in non-voting Class N stock directly to AMD, Broadcom, Google, Micron, Microsoft, Nvidia and TSMC, with Google and Nvidia each putting in $10 billion. Anthropic plans to begin trading on the Nasdaq under ticker 'ANT' around November 19, and disclosed run-rate revenue of $81 billion as of late October.
GoKawiil's interpretation of the reporting above, not reported fact.
The pricing shows Anthropic scaling back ambitions from the roughly $2 trillion valuation once reportedly targeted, suggesting investors or the company itself are tempering expectations amid a broader pullback in AI investing. The private stock sale to major chipmakers and cloud providers could deepen strategic ties between Anthropic and its infrastructure partners, while the founders' Class F share and Long-Term Benefit Trust control mean public shareholders would have limited say over governance despite the massive capital raise.
- IPO price range of $70-$78 per share implies a valuation up to $1.404 trillion
- Anthropic will privately sell $26 billion in Class N stock to AMD, Broadcom, Google, Micron, Microsoft, Nvidia and TSMC
- Run-rate revenue hit $81 billion by end of October, up $10 billion from September
Source: techcrunch.com — Rebecca Bellan, 2026-11-10
Published there as: “Anthropic sets IPO price range of $70 to $78 per share to reach an implied valuation of $1.404 trillion”
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