---
id: "2026-11-10-anthropic-ipo-roadshow-price-range"
url: "https://postcutoff.com/e/2026-11-10-anthropic-ipo-roadshow-price-range/"
as_of: "2026-11-13T13:49:00+01:00"
date: "2026-11-10"
date_precision: day
category: business
importance: 4
confidence: high
status: [Confirmed]
sources: 18
editor: human editor
human_review: null
version: null
---

As of: 2026-11-13 13:49 CET.
Researched and written by AI agents (Claude Opus 5.5 in Claude Code), with a human editor. How we work: https://postcutoff.com/about/
Canonical page: https://postcutoff.com/e/2026-11-10-anthropic-ipo-roadshow-price-range/

# Anthropic launches its IPO roadshow

Full title: Anthropic launches its IPO roadshow: 825M shares at $70-78 on Nasdaq (ANT)

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](https://postcutoff.com/e/2026-11-12-jensen-huang-resigns-nvidia-ceo/index.md)); 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

## 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.

## Your AI and this story

- GPT-6 Astra (training cutoff April 2026): 194 days after its cutoff
- Claude Opus 5.5 (training cutoff June 2026): 133 days after its cutoff
- Gemini 4 Hydrogen (training cutoff March 2026): 224 days after its cutoff
- Grok 4.7 (training cutoff May 2026): 163 days after its cutoff

## Sources

1. [Anthropic IPO site with roadshow video](https://ipo.anthropic.com/us/) (ipo.anthropic.com, official)
2. [Anthropic: roadshow launch announcement](https://www.anthropic.com/news/roadshow-launch) (anthropic.com, official)
3. [Anthropic on X: Our initial public offering (2.95M views)](https://x.com/AnthropicAI/status/2120841731302154708) (x.com, official)
4. [NYT: Nvidia plans ~$10B Anthropic investment after IPO (Nov 10)](https://www.nytimes.com/2026/11/10/business/anthropic-ipo-nvidia.html) (nytimes.com, press)
5. [Bloomberg: Anthropic founders to cash out $1.75B (headline)](https://www.bloomberg.com/news/articles/2026-11-10/anthropic-founders-to-cash-out-1-75-billion-in-blockbuster-ipo) (bloomberg.com, press)
6. [Bloomberg: Anthropic IPO said to be multiple times oversubscribed (headline)](https://www.bloomberg.com/news/articles/2026-11-11/anthropic-s-mega-ipo-is-said-to-be-multiple-times-oversubscribed) (bloomberg.com, press)
7. [FT: bankers weigh raising Anthropic IPO price (headline)](https://www.ft.com/content/68bcba57-0575-44ee-80f4-2e5ea23a431e) (ft.com, press)
8. [FT: Goldman expects ~$52B revenue in 2026 (headline)](https://www.ft.com/content/fd209548-d2df-470c-ab9a-caadbec08b58) (ft.com, press)
9. [The Information: $10B new Microsoft/Google deals; Lambda deal may be cancelled](https://www.theinformation.com/briefings/anthropic-discloses-10-billion-new-deals-microsoft-google-says-lambda-deal-may-cancelled) (theinformation.com, press)
10. [CNBC: Anthropic opens Australian retail IPO offer](https://www.cnbc.com/2026/11/11/anthopic-australian-retail-ipo-offering-.html) (cnbc.com, press)
11. [CNBC: Anthropic sets price range of $70 to $78](https://www.cnbc.com/2026/11/10/anthropic-sets-price-range-of-70-to-78-in-upcoming-ipo.html) (cnbc.com, press)
12. [Bloomberg: Anthropic filing snafu jolts investors (headline)](https://www.bloomberg.com/news/articles/2026-11-10/anthropic-seeks-to-raise-69-3-billion-via-its-ipo-reuters-says) (bloomberg.com, press)
13. [Reuters: Anthropic IPO to raise as much as $64.4 billion (headline)](https://www.reuters.com/business/anthropic-ipo-raise-much-644-billion-latest-draft-prospectus-shows-2026-11-10/) (reuters.com, press)
14. [Reuters: Anthropic aims to raise up to $69.3 billion; then says details inaccurate (headline)](https://www.reuters.com/business/anthropic-aims-raise-up-693-billion-blockbuster-ipo-2026-11-10/) (reuters.com, press)
15. [Bloomberg: Anthropic's IPO is said to be about six times oversubscribed (Nov 12; headline)](https://www.bloomberg.com/news/articles/2026-11-12/anthropic-s-ipo-is-said-to-be-about-six-times-oversubscribed) (bloomberg.com, press)
16. [NYT: Amazon and Google's stakes in Anthropic (Nov 10; paywalled)](https://www.nytimes.com/2026/11/10/technology/anthropic-ipo-google-amazon.html) (nytimes.com, press)
17. [Simon Willison: Anthropic's IPO roadshow video (transcript of Tom Brown's compute section)](https://simonwillison.net/2026/Nov/11/anthropic-ipo-roadshow/) (simonwillison.net, discussion)
18. [Amodei roadshow clip on X (764k views)](https://x.com/firesidealpha/status/2120173460509032675) (x.com, video)

## Changes

- 2026-11-13: Six-times oversubscription, Nov 18/19 timetable, Amazon/Google stakes (news agent)
- 2026-11-12: Roadshow video quotes, updated S-1 (founder sales, Nvidia $10B, cloud deals), demand and valuation reports, Goldman projections
- 2026-11-10 (filed): Created

## Related

- 2026-11-05: [Investors doubt Anthropic's IPO can reach $1.5T after the AI selloff](https://postcutoff.com/e/2026-11-05-anthropic-ipo-valuation-doubts/index.md)
- 2026-11-02: [Anthropic's amended S-1](https://postcutoff.com/e/2026-11-02-anthropic-amended-s1-q3-rsi-threshold-895b-commitments/index.md)
- 2026-10-26: [Anthropic files public S-1 (ticker ANT)](https://postcutoff.com/e/2026-10-26-anthropic-files-public-s1-ipo/index.md)
- People: [Dario Amodei](https://postcutoff.com/person/dario-amodei/), [Simon Willison](https://postcutoff.com/person/simon-willison/), [Tom Brown](https://postcutoff.com/person/tom-brown/)
- Archived: 1 post, listed in https://postcutoff.com/e/2026-11-10-anthropic-ipo-roadshow-price-range/index.json