Anthropic plans to sell 825 million Class A shares for between $70 and $78 each, with the final price set on November 18, 2026, before trading begins on the Nasdaq under the ticker ANT on November 19. A $26 billion private placement will bring together seven anchor investors, including Nvidia and Alphabet, which have each committed $10 billion at the IPO price. The combined offering could raise between $84.6 billion and $93.7 billion, depending on the final price and whether underwriters exercise their option to buy additional shares. At the top of the range, Anthropic’s fully diluted valuation would reach approximately $1.404 trillion, while the company reported run-rate revenue of about $81 billion as of October 31, 2026. The stakes will bring Anthropic’s two largest suppliers into its shareholder base as it secures more than $900 billion in compute and infrastructure commitments over the coming decade.
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