Overview
- The company told regulators Tuesday that it will offer about 801.4 million new Class A shares and 23.6 million secondary shares at $70 to $78 each, a sale that could raise roughly $64.4 billion and list under the ticker ANT on Nasdaq.
- At the top of the range Anthropic’s pro‑forma market value would approach $1 trillion based on the share count the company disclosed.
- Anthropic reported third‑quarter 2026 revenue of about $17.0 billion and an operating loss of $567 million in the IPO filing.
- The filing revealed roughly $895 billion in contractual commitments for compute and chips, with about $70 billion due in the next 12 months, and named AMD, Broadcom, Google, Micron, Microsoft, Nvidia and TSMC partners as parties to a contingent $26 billion private purchase tied to the IPO.
- Investors will weigh fast revenue growth against heavy capital needs, competitive pressure from lower‑cost models and regulatory uncertainty, which could force Anthropic to rely on the private placement and capital markets to fund its compute contracts and product rollout.