Anthropic's IPO Can Give the Company a $1.405T Valuation

IBL News | New York

Anthropic will offer 825 million shares in its upcoming IPO at a price expected to be between $70 and $78 per share, according to an updated filing on Tuesday.

Anthropic’s IPO Can Give the Company a $1.405T Valuation.

The 5-year-old AI startup is planning to price on November 18 and trade on the Nasdaq — under the symbol “ANT” — on November 19. It’s targeting a retail allocation of about 20%, higher than the typical IPO allocation of 5% to 10% to retail investors.

Through the IPO, Anthropic could net $64.35 billion in proceeds, bringing its fully diluted valuation to $1.405 trillion, up from the $965 billion valuation it announced as part of a funding round in May.

As Anthropic, PBC launched the roadshow for the proposed initial public offering of its Class A common stock,
executives began pitching to investors, they have to contend with a new political environment after last week’s midterm elections, which included a Democratic sweep in Congress and the passage of numerous statewide ballot measures that could slow the AI buildout.

CNBC reported last week that some Anthropic investors were bracing for a lower valuation than had previously been expected. Until recently, Anthropic had been looking toward a $2 trillion valuation, but shareholders told CNBC that even $1.5 trillion is now in doubt, with one investor calling that number a “stretch.”

On Monday, Anthropic introduced two new AI models, Claude Fable 5.2 and Claude Mythos 5.2, the first time the company has released so-called frontier models since Dario Amodei called to slow down the pace of AI development in September. Anthropic said the models underwent rigorous safety and alignment testing, and that the company developed new evaluations and post-launch monitoring tools ahead of the release.

For the nine months ended Sept. 30, Anthropic said it generated $33.24 billion in revenue, up 1,200% from the same period last year. It reported a $104 billion net loss during the nine-month period. The filing said Anthropic lost $25.1 billion over the same stretch in 2025.

“Our aim is to help humankind chart a safe course through this technological evolution, open new frontiers of discovery, and bring forth an age of miracles,” Anthropic’s co-founders wrote in the prospectus. “Everyone who owns our stock, whether an institution or an individual, becomes part of that effort. We hope you will share our ambition to see it through.”