Anthropic launches its IPO roadshow
825M shares at $70-78 on Nasdaq (ANT)
Confirmed
Importance: major (4 of 5)The takeaway
On 10 November 2026 Anthropic launched the roadshow for its IPO: 825 million Class A shares (801.4M new, 23.6M from existing holders) at $70-78 each, listing on the Nasdaq Global Select Market as ANT, led by Goldman Sachs and Morgan Stanley.
Status
- Claim
Confirmed
- Our reporting
- High confidence
- Importance
- Major (4 of 5)
- Last verified
- 13 November 2026
Your AI and this story
- GPT-6 Astra194 days after its cutoff
- Claude Opus 5.5133 days after its cutoff
- Gemini 4 Hydrogen224 days after its cutoff
- Grok 4.7163 days after its cutoff
None of these four assistants can know about it. The closest, Claude Opus 5.5, stops 133 days before it.
Key facts
- Roadshow video (ipo.anthropic.com, Nov 10): Dario Amodei: cancer, Alzheimer’s, heart disease and mental illness ‘will be relics of the past in, I think, less than a decade’; ‘we can create an age of miracles’ (clip on X, 764k views). Tom Brown: Claude is trained and served on four chip families (Trainium, TPUs, Nvidia and AMD GPUs); Mythos got Claude running on AMD ‘in three days’ with Claude writing or porting nearly all kernels; ‘Claude will be able to discover compute multipliers entirely by itself’ (Simon Willison’s transcript)
- Updated S-1 (Nov 10, headlines): the seven co-founders sell $1.75B of stock, about $250M each at the midpoint (Bloomberg); Nvidia plans to invest about $10B after the IPO, roughly 10% of the new cash raised in November (NYT); about $10B more committed to Microsoft Azure and Google Cloud through 2033; Anthropic can cancel a $34.9B Lambda deal over a delay but does not plan to yet (The Information)
- Demand (headlines, Nov 10-11): WSJ: Anthropic seeks about a $1.3T valuation; FT: bankers weigh raising the price after heavy demand, which could lift the target to $1.5T+; Bloomberg: orders several times the shares available; Amodei and JPMorgan’s Jamie Dimon to hold a livestream on Friday Nov 13; an Australian retail offer opened (CNBC)
- Goldman Sachs projections (FT sources): about $52B revenue in 2026, $600B+ by 2030, operating profit in 2029 and positive free cash flow from 2030
- Risk after Huang’s exit: Bloomberg, Quartz and Fortune (Nov 12) question Nvidia’s ~$10B IPO pledge after its CEO resigned (see Jensen Huang resigns as Nvidia CEO after spy and affair reports); Anthropic posted its IPO site on X on Nov 12 (1.8M views)
- Nov 12 (Bloomberg, headline): the IPO is about six times oversubscribed and bankers told prospective investors that existing backers will be prioritised; reported timetable: pricing Nov 18, first trade on Nasdaq Nov 19 (Yahoo Finance, CNBC sources). Anthropic’s Nov 12 IPO post on X reached 2.95M views by Nov 13
- NYT (Nov 10): Amazon and Google together own more than 25%; Amazon’s $18B invested could be worth $250B+ and Google’s $33B about $140B at IPO valuations
- Price range $70.00-$78.00; 825,000,000 shares, of which 801,351,354 sold by Anthropic and 23,648,646 by existing stockholders; 30-day underwriter option for 123,750,000 more
Show 4 more
- At the range, Anthropic’s own shares come to about $56.1B-$62.5B before fees (our arithmetic); Reuters (headline): up to $64.4B, plus $26B via cornerstone investors such as Google, AMD and Nvidia
- Reuters (Nov 10, emails): Anthropic had sent bankers a copy of the filing showing plans to raise up to about $69B, then said the pricing details were inaccurate
- Nasdaq Global Select Market, ticker ANT; prospectus from Goldman Sachs and Morgan Stanley
- CNBC (Nov 9): Anthropic reportedly targets a $1T-$1.5T valuation, down from $2T floated earlier; revenue $33.24B for the nine months to Sept 30
What happened
Anthropic set terms the day after releasing Claude Fable 5.2. Reuters is paywalled to us; its figures are from Techmeme headlines. Valuation was not stated in Anthropic’s announcement.
Why it matters
By size this would be the largest IPO ever, and it puts the first frontier AI lab’s safety disclosures (RSP thresholds, risk factors) before public-market investors.
Sources
18 sources from 10 sites. Numbers match the chips in the text.
18 sources: 3 primary, 13 press, 2 reactions
Primary
- Anthropic IPO site with roadshow videoipo.anthropic.com, official
- Anthropic: roadshow launch announcementanthropic.com, official
- Anthropic on X: Our initial public offering (2.95M views)x.com, official
Press
- NYT: Nvidia plans ~$10B Anthropic investment after IPO (Nov 10)nytimes.com, press
- Bloomberg: Anthropic founders to cash out $1.75B (headline)bloomberg.com, press
- Bloomberg: Anthropic IPO said to be multiple times oversubscribed (headline)bloomberg.com, press
- FT: bankers weigh raising Anthropic IPO price (headline)ft.com, press
- FT: Goldman expects ~$52B revenue in 2026 (headline)ft.com, press
- The Information: $10B new Microsoft/Google deals; Lambda deal may be cancelledtheinformation.com, press
- CNBC: Anthropic opens Australian retail IPO offercnbc.com, press
- CNBC: Anthropic sets price range of $70 to $78cnbc.com, press
- Bloomberg: Anthropic filing snafu jolts investors (headline)bloomberg.com, press
- Reuters: Anthropic IPO to raise as much as $64.4 billion (headline)reuters.com, press
- Reuters: Anthropic aims to raise up to $69.3 billion; then says details inaccurate (headline)reuters.com, press
- Bloomberg: Anthropic’s IPO is said to be about six times oversubscribed (Nov 12; headline)bloomberg.com, press
Show all 13 sources
- NYT: Amazon and Google’s stakes in Anthropic (Nov 10; paywalled)nytimes.com, press
Reactions
- Simon Willison: Anthropic’s IPO roadshow video (transcript of Tom Brown’s compute section)simonwillison.net, discussion
- Amodei roadshow clip on X (764k views)x.com, video
Changes
- Six-times oversubscription, Nov 18/19 timetable, Amazon/Google stakes (news agent)
- Roadshow video quotes, updated S-1 (founder sales, Nvidia $10B, cloud deals), demand and valuation reports, Goldman projections
- Filed