Anthropic IPO Could Value Claude Maker at $1.4 Trillion Renato Neves, CFA Tue, November 10, 2026 at 1:20 PM EST 1 min read ANTH.PVT NVDA -5.95% TSM +0.57% GOOGM -0.50% AMD +0.58% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Anthropic PBC, the developer of the Claude AI models, set a price range of $70 to $78 a share for its IPO, seeking up to $64.4 billion in the base deal, according to an amended filing with the SEC. The company is offering 801.4 million shares, and existing holders are selling 23.6 million. A separate $26 billion private placement goes to Advanced Micro Devices Inc. (NASDAQ:AMD), Broadcom Inc. (NASDAQ:AVGO), Alphabet Inc.'s (NASDAQ:GOOGL) Google, Micron Technology Inc. (NASDAQ:MU), Microsoft Corp. (NASDAQ:MSFT), Nvidia Corp. (NASDAQ:NVDA) and Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM).
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Priced at $78, Anthropic's outstanding shares would be worth around $1 trillion or about $1.4 trillion on a fully diluted basis. The IPO is set to price on November 18, and the shares are expected to trade on the Nasdaq under the symbol ANT.
The filing shows third-quarter revenue of nearly $17 billion, up from $1.4 billion a year earlier. Anthropic swung to a $567 million operating loss from a $974 million operating profit in the second quarter. Most of the loss came from $5 billion of computing costs under short-term commitments and $2 billion of non-cash charges tied to its charitable donation-matching program. Lower prices on new models, plus customer discounts, cut third-quarter revenue growth by about $600 million. Anthropic also has $895 billion of commitments, mostly for computing power, with about $70 billion due in the year through September 2027.
