Overview
- Anthropic filed a $70 to $78 per share price band for an offering of 825 million shares that would trade on Nasdaq as ANT and imply a fully diluted valuation of about $1.4 trillion at the top end.
- The public sale could raise up to $64.4 billion while a separate $26 billion cornerstone private placement from major tech suppliers would bring total potential fundraising to roughly $90.4 billion.
- The IPO filing shows rapid revenue growth with an $81 billion run‑rate as of October 31 and nearly $900 billion in long‑term purchase and lease commitments for compute and data‑center capacity.
- Key technology firms including Google, Nvidia, AMD, Microsoft, Broadcom, Micron and TSMC are listed as cornerstone investors, tying Anthropic’s financing to the companies that also supply its infrastructure and chips.
- Investors will watch the roadshow and final pricing next week with shares expected to begin trading on Nasdaq on November 19 while analysts weigh the lower price versus earlier $2 trillion speculation, insider allocations, staggered lockups, and political risk to data‑center projects.