Overview
- Anthropic has set a $70 to $78 per‑share range for 825 million Class A shares and expects to price the offering on Nov. 18 with trading to begin shortly after under the ticker ANT.
- The company is carving out up to 20% of Class A shares for retail investors in select countries, an unusually large retail tranche for a mega‑IPO.
- Anthropic will sell about $26 billion of additional shares in a concurrent private placement to major suppliers and partners including Google, Nvidia, Microsoft, AMD, Broadcom, Micron and TSMC partners.
- The prospectus discloses roughly $900.9 billion of committed spending largely for compute and infrastructure, and shows explosive revenue growth alongside signs of sequential slowdown and ongoing large losses.
- Anthropic’s filing emphasizes catastrophic AI safety risks and notes rising regulatory attention on data centers, making the IPO a test of public‑market appetite for frontier AI and of the company’s plan to finance its infrastructure buildout.