{"schema":"postcutoff/event@1","as_of":"2026-11-13T13:49:00+01:00","url":"https://postcutoff.com/e/2026-11-10-anthropic-ipo-roadshow-price-range/","md":"https://postcutoff.com/e/2026-11-10-anthropic-ipo-roadshow-price-range/index.md","disclosure":{"written_by":"AI agents (Claude Opus 5.5 in Claude Code)","editor":"human editor","policy":"https://postcutoff.com/about/"},"license":null,"id":"2026-11-10-anthropic-ipo-roadshow-price-range","date":"2026-11-10","date_precision":"day","short_title":"Anthropic launches its IPO roadshow","deck":"825M shares at $70-78 on Nasdaq (ANT)","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.","category":"business","category_label":"Business","importance":4,"confidence":"high","status":{"key":"confirmed","labels":["Confirmed"]},"sources":[{"n":1,"title":"Anthropic IPO site with roadshow video","url":"https://ipo.anthropic.com/us/","type":"official","group":"primary","domain":"ipo.anthropic.com"},{"n":2,"title":"Anthropic: roadshow launch announcement","url":"https://www.anthropic.com/news/roadshow-launch","type":"official","group":"primary","domain":"anthropic.com"},{"n":3,"title":"Anthropic on X: Our initial public offering (2.95M views)","url":"https://x.com/AnthropicAI/status/2120841731302154708","type":"official","group":"primary","domain":"x.com"},{"n":4,"title":"NYT: Nvidia plans ~$10B Anthropic investment after IPO (Nov 10)","url":"https://www.nytimes.com/2026/11/10/business/anthropic-ipo-nvidia.html","type":"press","group":"press","domain":"nytimes.com"},{"n":5,"title":"Bloomberg: Anthropic founders to cash out $1.75B (headline)","url":"https://www.bloomberg.com/news/articles/2026-11-10/anthropic-founders-to-cash-out-1-75-billion-in-blockbuster-ipo","type":"press","group":"press","domain":"bloomberg.com"},{"n":6,"title":"Bloomberg: Anthropic IPO said to be multiple times oversubscribed (headline)","url":"https://www.bloomberg.com/news/articles/2026-11-11/anthropic-s-mega-ipo-is-said-to-be-multiple-times-oversubscribed","type":"press","group":"press","domain":"bloomberg.com"},{"n":7,"title":"FT: bankers weigh raising Anthropic IPO price (headline)","url":"https://www.ft.com/content/68bcba57-0575-44ee-80f4-2e5ea23a431e","type":"press","group":"press","domain":"ft.com"},{"n":8,"title":"FT: Goldman expects ~$52B revenue in 2026 (headline)","url":"https://www.ft.com/content/fd209548-d2df-470c-ab9a-caadbec08b58","type":"press","group":"press","domain":"ft.com"},{"n":9,"title":"The Information: $10B new Microsoft/Google deals; Lambda deal may be cancelled","url":"https://www.theinformation.com/briefings/anthropic-discloses-10-billion-new-deals-microsoft-google-says-lambda-deal-may-cancelled","type":"press","group":"press","domain":"theinformation.com"},{"n":10,"title":"CNBC: Anthropic opens Australian retail IPO offer","url":"https://www.cnbc.com/2026/11/11/anthopic-australian-retail-ipo-offering-.html","type":"press","group":"press","domain":"cnbc.com"},{"n":11,"title":"CNBC: Anthropic sets price range of $70 to $78","url":"https://www.cnbc.com/2026/11/10/anthropic-sets-price-range-of-70-to-78-in-upcoming-ipo.html","type":"press","group":"press","domain":"cnbc.com"},{"n":12,"title":"Bloomberg: Anthropic filing snafu jolts investors (headline)","url":"https://www.bloomberg.com/news/articles/2026-11-10/anthropic-seeks-to-raise-69-3-billion-via-its-ipo-reuters-says","type":"press","group":"press","domain":"bloomberg.com"},{"n":13,"title":"Reuters: Anthropic IPO to raise as much as $64.4 billion (headline)","url":"https://www.reuters.com/business/anthropic-ipo-raise-much-644-billion-latest-draft-prospectus-shows-2026-11-10/","type":"press","group":"press","domain":"reuters.com"},{"n":14,"title":"Reuters: Anthropic aims to raise up to $69.3 billion; then says details inaccurate (headline)","url":"https://www.reuters.com/business/anthropic-aims-raise-up-693-billion-blockbuster-ipo-2026-11-10/","type":"press","group":"press","domain":"reuters.com"},{"n":15,"title":"Bloomberg: Anthropic's IPO is said to be about six times oversubscribed (Nov 12; headline)","url":"https://www.bloomberg.com/news/articles/2026-11-12/anthropic-s-ipo-is-said-to-be-about-six-times-oversubscribed","type":"press","group":"press","domain":"bloomberg.com"},{"n":16,"title":"NYT: Amazon and Google's stakes in Anthropic (Nov 10; paywalled)","url":"https://www.nytimes.com/2026/11/10/technology/anthropic-ipo-google-amazon.html","type":"press","group":"press","domain":"nytimes.com"},{"n":17,"title":"Simon Willison: Anthropic's IPO roadshow video (transcript of Tom Brown's compute section)","url":"https://simonwillison.net/2026/Nov/11/anthropic-ipo-roadshow/","type":"discussion","group":"reactions","domain":"simonwillison.net"},{"n":18,"title":"Amodei roadshow clip on X (764k views)","url":"https://x.com/firesidealpha/status/2120173460509032675","type":"video","group":"reactions","domain":"x.com"}],"official":3,"filed":"2026-11-10","updated":"2026-11-13","orgs":["Anthropic"],"title":"Anthropic launches its IPO roadshow: 825M shares at $70-78 on Nasdaq (ANT)","summary":"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. Reuters reported the IPO could raise up to $64.4B, plus about $26B from cornerstone investors including Google, AMD and Nvidia.","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 2026-11-12-jensen-huang-resigns-nvidia-ceo); 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","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"],"key_numbers":[],"tags":["ipo","anthropic","nasdaq","funding"],"science":null,"body_md":"## What happened\n\nAnthropic set terms the day after releasing Claude Fable 5.2. Reuters is paywalled to us; its figures are from Techmeme headlines.\nValuation was not stated in Anthropic's announcement.\n\n## Why it matters\n\nBy size this would be the largest IPO ever, and it puts the first frontier AI lab's safety disclosures (RSP thresholds, risk factors)\nbefore public-market investors.","disputed":[],"related":[{"id":"2026-11-05-anthropic-ipo-valuation-doubts","url":"https://postcutoff.com/e/2026-11-05-anthropic-ipo-valuation-doubts/","date":"2026-11-05","date_precision":"day","short_title":"Investors doubt Anthropic's IPO can reach $1.5T after the AI selloff","deck":"One says ~$1T is closer (WSJ)","takeaway":null,"category":"business","category_label":"Business","importance":3,"confidence":"medium","status":{"key":"partly","labels":["Partly confirmed"]},"sources":9,"official":0,"filed":"2026-11-06","updated":"2026-11-09","orgs":["Anthropic"]},{"id":"2026-11-02-anthropic-amended-s1-q3-rsi-threshold-895b-commitments","url":"https://postcutoff.com/e/2026-11-02-anthropic-amended-s1-q3-rsi-threshold-895b-commitments/","date":"2026-11-02","date_precision":"day","short_title":"Anthropic's amended S-1","deck":"~$17B Q3 revenue, $23.3B Q3 net loss, $895.4B in compute and lease commitments, and a warning it 'may imminently' hit its RSP threshold for AI-accelerated progress","takeaway":"On Nov 3 the WSJ reported that institutional investors were pushing for a valuation of about $1.5-1.6T instead of $2T.","category":"business","category_label":"Business","importance":4,"confidence":"high","status":{"key":"confirmed","labels":["Confirmed"]},"sources":12,"official":1,"filed":"2026-11-03","updated":"2026-11-04","orgs":["Anthropic"]},{"id":"2026-10-26-anthropic-files-public-s1-ipo","url":"https://postcutoff.com/e/2026-10-26-anthropic-files-public-s1-ipo/","date":"2026-10-26","date_precision":"day","short_title":"Anthropic files public S-1 (ticker ANT)","deck":null,"takeaway":"For the first time, a frontier lab's finances, compute obligations and governance are on public record under securities law.","category":"business","category_label":"Business","importance":5,"confidence":"high","status":{"key":"confirmed","labels":["Confirmed"]},"sources":35,"official":2,"filed":"2026-10-26","updated":"2026-11-03","orgs":["Anthropic"]}],"people":[{"id":"dario-amodei","name":"Dario Amodei","url":"https://postcutoff.com/person/dario-amodei/"},{"id":"simon-willison","name":"Simon Willison","url":"https://postcutoff.com/person/simon-willison/"},{"id":"tom-brown","name":"Tom Brown","url":"https://postcutoff.com/person/tom-brown/"}],"posts":[{"id":"x-firesidealpha-2120173460509032675","title":"“Dario Amodei says cancer, Alzheimer’s, heart disease, and mental illness will be relics…”","url":"https://postcutoff.com/p/x-firesidealpha-2120173460509032675/"}],"videos":[],"models":[],"changes":[{"date":"2026-11-13","type":"edit","text":"Six-times oversubscription, Nov 18/19 timetable, Amazon/Google stakes (news agent)"},{"date":"2026-11-12","type":"edit","text":"Roadshow video quotes, updated S-1 (founder sales, Nvidia $10B, cloud deals), demand and valuation reports, Goldman projections"},{"date":"2026-11-10","type":"filed","text":"Created"}],"provenance":{"agents":[{"model":"Claude Opus 5.5","maker":"Anthropic","tool":"Claude Code"}],"filed":"2026-11-10","run":null,"sources_read":null,"updated":"2026-11-13","human_review":null,"version":null},"gaps":[{"model_id":"gpt-6-astra","name":"GPT-6 Astra","cutoff":"2026-04","days_after":194,"in_training_data":false},{"model_id":"claude-opus-5-5","name":"Claude Opus 5.5","cutoff":"2026-06","days_after":133,"in_training_data":false},{"model_id":"gemini-4-hydrogen","name":"Gemini 4 Hydrogen","cutoff":"2026-03","days_after":224,"in_training_data":false},{"model_id":"grok-4-7","name":"Grok 4.7","cutoff":"2026-05","days_after":163,"in_training_data":false}],"short_url":"https://postcutoff.com/s/anthropic-ipo-roadshow"}