Alphabet Stocks Rise as Google Commits $10 Billion to Anthropic at IPO Khac Phu Nguyen Thu, November 12, 2026 at 12:58 PM EST 1 min read GOOGN +1.76% ANTH.PVT NVDA -4.57% ^IXIC -0.02% Trade NVIDIA 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.
Alphabet Inc (NASDAQ:GOOGL) shares rose 1.14% at 10 a.m. ET in early regular-session trading on November 12 as investors weighed Google's $10 billion commitment to buy Anthropic shares alongside next week's IPO. The move held up even as NVIDIA's CEO exit pulled the Nasdaq lower.
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Anthropic's amended S-1 lists Google LLC for 135,135,135 Class N shares, about $10 billion at the $74 midpoint, inside a $26 billion private placement. Anthropic plans to sell 825 million shares at $70 to $78 on Nasdaq under the symbol "ANT," with pricing expected November 18 and trading on November 19, according to CoinCentral's report on the filing. At $78, Reuters valued Google's stake at about $139 billion against $33.3 billion invested, the report said. Google's purchase uses an option under a March 2026 financing agreement that caps its ownership at 14.99%.
That $139 billion equals about 3.9% of Alphabet's $3.61 trillion market value, so the listing matters but does not define the shares. The placement shares carry no lock-up but are restricted securities, which limits any quick sale. GuruFocus gives Alphabet a GF Score of 98/100, with a perfect profitability rank and 8/10 financial strength. At $295.21, the shares trade 7.3% above the GF Value of $275.17, a "Fairly Valued" reading. The next test is the November 18 pricing: a deal above the range would lift the carrying value, while a weak debut could turn a paper gain into earnings noise.
