Anthropic, the company behind the AI assistant Claude, is preparing to list its shares on Nasdaq. According to an updated filing published on 10 November 2026, the final pricing is expected in the week of 16 November.
Key figures
| Item | Figure |
|---|---|
| Ticker and exchange | ANT on Nasdaq |
| Shares offered | 825 million |
| Price range per share | $70 to $78 |
| Offering size | about $61 billion |
| Valuation at the midpoint | about $1.2 trillion |
| Revenue for the 12 months to 30 September 2026 | $35.3 billion |
According to Renaissance Capital, after SpaceX's $75 billion IPO in June 2026, this is the second-largest IPO in history.
Nvidia and Google are buying too
Alongside the public offering, a group of large technology companies has committed to buy another $26 billion of shares at the IPO price. Nvidia, Google, Microsoft, AMD, Broadcom, Micron and TSMC are on the list. If the price lands at the top of the range and the over-allotment shares are also sold, Anthropic's total raise would reach about $100 billion.
Why does this IPO matter?
- A test for the AI market: until now, the value of AI companies was set by private investors. Now the public market gets to judge. How investors receive this offering will show how serious worries about an AI bubble really are.
- Timing with the Nvidia news: the IPO comes just days after Jensen Huang's resignation from Nvidia, which has unsettled the market.
- Shares for retail investors: Anthropic wants to sell part of the offering to ordinary investors through brokers such as Schwab, Fidelity and Robinhood.
What changes for Claude users?
In the short term, nothing. The IPO has no direct effect on the Claude service, subscription prices or user access. If you want to know what Claude is best at compared with ChatGPT and Gemini, see Claude, ChatGPT, Gemini, Grok and Codex compared.
Note: the figures above come from the offering filing; the final price and first trading day may change. This article is not investment advice.
Source: Renaissance Capital ↗
