Anthropic sets share price and Nasdaq debut for mid‑November
Anthropic will price its initial public offering between $70 and $78 per share on 18 Nov, targeting a valuation of up to $1.41 trillion, and its shares will begin trading on Nasdaq under the ticker ANT on 19 Nov. The company plans to sell 825 million shares, aiming to raise up to $64.4 billion, while a parallel private placement with seven tech partners will contribute an additional $26 billion. The filing indicates the firm seeks an overall valuation exceeding $1 trillion, and Amazon and Google are providing computing capacity valued at nearly $900 billion.
Key facts
- Retail brokerage firms will receive limited allocations of Anthropic shares.
- Anthropic's annualised revenue run rate reached about $81 billion at the end of October.
- Seven strategic partners include Google, Nvidia, AMD, Microsoft, Broadcom, Micron and TSMC.
- The SEC has not yet made an exam‑based route to accredited investor status available.
- Anthropic raised $65 billion at a $965 billion post‑money valuation in late May.
Summarised with AI from 5 sources · Updated 06:41Read our AI policy
Why it matters
The IPO tests market appetite for AI firms at trillion‑dollar scales.
What changed
The Verge joined as a source
First published from TechCrunch, CNA, CNBC and The Economic Times