Anthropic plans to offer 825 million shares in an initial public offering at $70 to $78 per share, according to a November 10, 2026, IT Home report citing CNBC’s account of an updated filing. At the top of that range, the offering could raise $64.35 billion and give the company a fully diluted valuation of up to $1.405 trillion. Anthropic’s valuation in a May funding round was reported at $965 billion.
The report says AMD, Broadcom, Google, Micron, Microsoft, Nvidia and TSMC have agreed to buy a combined $26 billion of Anthropic Class N common stock in private placements at the IPO price. Those shares are not part of the IPO registration and are not subject to the underwriters’ lock-up agreement.
According to financial figures cited in the report, Anthropic generated $33.24 billion in revenue in the first nine months of 2026, up about 1,200% year over year. It recorded a $104 billion net loss, primarily attributed to changes in the fair value of convertible notes and derivative liabilities, compared with a $25.1 billion loss in the same period of 2025.
The planned Nasdaq listing, under the ticker ANT, had not yet taken place at the time of the report. CNBC had previously reported that some investors doubted Anthropic could reach its earlier valuation targets amid concerns about rising borrowing costs and AI infrastructure spending.