Anthropic sets its IPO range at $70 to $78 a share

The Claude maker could raise up to $64.4 billion on the Nasdaq, while seven suppliers including Google and Nvidia buy $26 billion of shares alongside.

By Alexandre S. 11 Nov 2026, 03:50 UTC

Anthropic, the company behind Claude, launched the roadshow for its stock market listing on Tuesday 10 November 2026. It is pricing 825 million shares at $70 to $78 on the Nasdaq under the ticker ANT. At the top of the range that brings in $64.4 billion and, counting every share, values the company at up to $1.4 trillion, Fortune reports. Some outlets had floated $2 trillion weeks earlier.

Alongside the listing, seven suppliers (AMD, Broadcom, Google, Micron, Microsoft, Nvidia and TSMC) are buying $26 billion of shares in a private placement, SiliconANGLE reports. Each of the seven co-founders is selling shares worth about $250 million. Pricing is expected on 18 November.

The filing puts last quarter’s revenue at $17 billion with a $536 million operating loss. Fortune adds that the amended prospectus puts the run rate (a year’s revenue projected from current sales) at about $81 billion at the end of October. In late September it was about $71 billion. It also says internal estimates show Anthropic “may imminently meet” its own threshold for AI-driven acceleration of research, which no current model has crossed. The Nasdaq fell 5.5% last week as AI stocks sold off sharply.

On our price sheet, checked on 10 November, Claude Pro costs $20 a month, Max $100 and Ultra $200. Google AI Pro costs $19.99.

Google is both a buyer in the $26 billion placement and a rival on price: its $19.99 Google AI Pro plan sits a cent below Claude Pro on our sheet.

Anthropic sets its IPO range at $70 to $78 a share

Sources

More AI news from 11 November 2026