Anthropic Sets Nasdaq IPO Window for Nov. 19 or 20 Under Ticker ANT

Anthropic plans to price its Nasdaq IPO at $70 to $78 a share, a range that implies a valuation of about $1.3 trillion, with trading expected Nov. 19 or 20 under ticker ANT.

The offering covers 825 million shares. At the top of the price range, the public sale would raise $64.35 billion; proceeds at the midpoint would be about $61 billion.

Anthropic also plans to raise $26 billion through a private share sale involving Nvidia, Microsoft, Google and other companies. The private buyers will receive nonvoting Class N shares at the same price as public investors and will not face the usual six-month lockup period.

Seven founders and executives, including CEO Dario Amodei and President Daniela Amodei, plan to sell shares as part of the offering. Each is expected to retain a stake worth about $18 billion.

Anthropic's revenue reached $33.2 billion in the first nine months of the year, a 1,206% increase. The company reported an $81 billion revenue run rate at the end of October, an annualized estimate based on its current pace. Anthropic is meeting with prospective investors this week ahead of the expected Nasdaq trading.