Anthropic priced its shares between $70 and $78 in an updated IPO filing on November 10, 2026. The range implies a valuation of between $1 trillion and $1.4 trillion, well below the $2 trillion previously discussed. The company plans to offer up to 825 million Class A shares, raising as much as $64.4 billion, and is also seeking $26 billion through a private placement of non-voting Class N shares. Google, Nvidia and Microsoft are reportedly participating in the placement, bringing potential total proceeds to around $90 billion. Anthropic expects to finalize pricing on November 18 and begin trading on Nasdaq on November 19 under the ticker ANT, while its run-rate revenue stood at $81 billion as of October 31, 2026.
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