# Anthropic Starts IPO Roadshow With a $1.02 Trillion Valuation Target

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/53927
Published: 2026-11-11T12:15:41.000Z
Updated: 2026-11-11T12:15:41.000Z
Section: Business

> The proposed ANT listing includes 825 million shares, with a preliminary range of $70 to $78 each. Trading is expected to begin next week.

Anthropic has begun marketing its IPO to investors, targeting a valuation of about $1.02 trillion as the Claude developer prepares to seek a Nasdaq listing. The offering sets a preliminary range of $70 to $78 per share and proposes ANT as the ticker. Trading is expected to start next week, though the announcement does not give a specific first day.

The planned sale covers 825 million shares, including about 801 million new shares from Anthropic and the remainder from existing shareholders. Anthropic would receive no proceeds from shares sold by those holders. At $78 a share, the full offering would total about $64.35 billion before underwriting costs. That figure includes shares sold by existing shareholders and is separate from the company's target valuation.

Anthropic's registration statement has been filed with the Securities and Exchange Commission but is not yet effective. The price range is preliminary, and the final offer price may change after the roadshow as investor demand is assessed. A Nasdaq listing would give public-market investors access to the company behind Claude.