Anthropic launches IPO roadshow, targets up to $64.4 billion valuation

Anthropic, PBC, a leading artificial intelligence company, has officially launched the roadshow for its proposed initial public offering (IPO) of Class A common stock. The offering includes 825 million shares, with 801,351,354 shares being sold by the company and 23,648,646 shares offered by existing stockholders. The IPO price is expected to range between $70.00 and $78.00 per share, potentially valuing the company at up to $64.4 billion.

Details of the Offering

Anthropic has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "ANT." The company has also granted underwriters a 30-day option to purchase up to an additional 123,750,000 shares. While Anthropic will not receive proceeds from the shares sold by existing stockholders, the funds raised from its own share sales are expected to support its operations and growth initiatives.

In an amended registration statement filed on November 10, 2026, Anthropic disclosed that seven strategic partners, including AMD, Broadcom, Google, Micron, Microsoft, Nvidia, and TSMC, have agreed to purchase $26 billion worth of Class N common stock in a private placement. This move underscores strong institutional interest in the company's AI capabilities and future potential.

Regulatory and Procedural Notes

The offering will be conducted exclusively through a prospectus, and Anthropic has filed a registration statement with the U.S. Securities and Exchange Commission (SEC). However, the registration statement has not yet become effective, and no securities can be sold until it does. Copies of the preliminary prospectus can be obtained from Goldman Sachs & Co. LLC or Morgan Stanley & Co. LLC, as specified in the company's announcement.

This IPO marks a significant milestone for Anthropic as it seeks to solidify its position in the competitive AI industry while raising substantial capital to fuel its mission of advancing responsible AI development.