Anthropic sets a $70 to $78 share price range for its stock market debut
The AI company's filing says it will sell 825 million shares on Nasdaq under the ticker ANT, with a debut reportedly planned for Nov. 19 or 20.
Anthropic, the AI company behind the Claude chatbot, set terms for its initial public offering in a regulatory filing on Tuesday. It plans to sell 825 million shares on Nasdaq under the ticker ANT, priced from $70 to $78 each. The Boston Globe and The Journal put the valuation it seeks at about $1.3 trillion, while Yahoo News and Forbes say roughly $1.4 trillion.
Investors including Broadcom, Google and Nvidia have agreed to buy shares at the IPO price in a separate deal, according to Business Insider and Yahoo News. Business Insider says that with those purchases included, the sale could become the largest public offering ever, ahead of SpaceX's IPO in June. The Wall Street Journal reported that trading could begin on Nov. 19 or Nov. 20.
Anthropic is loss-making and has not yet turned a profit. The BBC reports that the Nasdaq fell sharply after the US elections, on concerns that a Democrat-led could slow AI development and data center construction. Yahoo News, citing Bloomberg, says prospective buyers discussed a lower valuation after the market turmoil.
- 825 millionshares Anthropic plans to sellThe Boston Globe
- between $70 and $78price range per shareThe Boston Globe
- $64.35 billionmaximum proceeds at the top of the range, per Yahoo NewsYahoo News
- $26 billionshares investors agreed to buy at the IPO priceBusiness Insider
- $965 billionvaluation from the May funding roundBusiness Insider
Three sides of the story
19 news outlets reported this
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Liberal10 outlets
Record-scale IPO pushing ahead despite AI market jitters
Yahoo News leads with a valuation of roughly $1.4 trillion and a debut reportedly set for Nov. 19 or 20. It details the $26 billion from Nvidia, Microsoft, Google and others, and cites Bloomberg on buyers discussing a lower valuation of $1.2 trillion to $1.3 trillion. The Boston Globe puts the target at about $1.3 trillion, says the deal could become the biggest IPO ever and notes the company "has yet to turn a profit."
It also recounts CEO Dario Amodei's September warning about the pace of AI development. Business Insider stresses scale: up to about $90 billion with the $26 billion investor deal, set against SpaceX's $75 billion initially raised. It reports a net loss of about $42 billion in 2025 on $4.6 billion in revenue.
Semafor frames the IPO as pushing ahead despite a selloff, citing the Wall Street Journal on a debut planned for late the following week, and pointing to TSMC's announced 60% revenue jump as a sign of persistent chip demand.
- Yahoo News: Anthropic seeks $1.4 trillion valuation in highly anticipated IPO despite AI volatility
- The Boston Globe: Anthropic seeks valuation of about $1.3 trillion when it becomes a publicly traded company
- Business Insider: Anthropic sets a price range for its blockbuster IPO
- Semafor: Anthropic pushes ahead with IPO despite AI selloff
Center5 outlets
IPO as a test of AI investor nerves
BBC News leads with Anthropic planning to raise up to $64bn when it lists on New York's Nasdaq, with shares offered at $70 to $78 each. It describes Anthropic as loss-making and sets the listing against a volatile moment for AI businesses: the Nasdaq fell sharply after the US midterm elections on concerns that a Democrat-led Congress could slow the technology and its data centres, and there are wider fears about whether AI spending will pay off. The BBC quotes Fiona Cincotta, a senior market analyst at City Index, who told Reuters the amount is "fairly bullish" and shows the company is "upbeat" about AI.
Forbes highlights a $1.4 trillion valuation goal for the "highly anticipated" IPO, stating that the Claude maker plans to offer 825 million shares priced between $70 and $78 each. The Wall Street Journal reports that Anthropic will seek a $1.3 trillion valuation and describes the debut as a "litmus test" for investors nervous about AI stocks.
- BBC News: Anthropic to raise $64bn in major stock market listing
- Forbes: Anthropic Targets $1.4 Trillion Valuation In Highly Anticipated IPO
- The Wall Street Journal: Anthropic to Seek $1.3 Trillion Valuation in IPO
- The Wall Street Journal: Anthropic to Seek $1.3 Trillion Valuation in IPO
Conservative4 outlets
Anthropic's roughly $1.3 trillion IPO valuation target
The Washington Times reports that Anthropic is aiming for a valuation of about $1.3 trillion in its IPO, amid new questions about how much money is going into AI.
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All sources: 31 articles from 19 outlets
Liberal (17)
- ABC News: Anthropic values itself at nearly $1.3 trillion, according to new IPO filing
- Al Jazeera English: Anthropic targets $1.4 trillion valuation in massive stock market debut
- Axios: The AI industry's week from hell
- Business Insider: A major Anthropic investor shrugs off losses
- Business Insider: Anthropic mints record gains in record time
- Business Insider: Anthropic's IPO is an investor referendum on AI
- Business Insider: Anthropic has budgeted $41.5 million in legal fees for its IPO
- Business Insider: Anthropic sets a price range for its blockbuster IPO
- CNBC: Anthropic's trillion-dollar IPO is coming, but retail investors could have owned AI stock much earlier
- NBC News: Anthropic eyes $1.4 trillion IPO valuation
- Semafor: Anthropic’s bankers mull raising IPO valuation to $1.5T
- Semafor: Anthropic revenue could top $600B: Goldman
- Semafor: Anthropic pushes ahead with IPO despite AI selloff
- The Boston Globe: ‘Anthropic’ and ‘ethics’ don’t go together (opinion)
- The Boston Globe: Anthropic seeks valuation of about $1.3 trillion when it becomes a publicly traded company
- The Guardian: Anthropic targets valuation of up to $1.4tn in stock market flotation
- Yahoo News: Anthropic seeks $1.4 trillion valuation in highly anticipated IPO despite AI volatility
Center (8)
- BBC News: Anthropic to raise $64bn in major stock market listing
- Forbes: Anthropic Targets $1.4 Trillion Valuation In Highly Anticipated IPO
- MarketWatch: Anthropic’s IPO roadshow kicks off — and the big money is already lining up
- The Wall Street Journal: Anthropic Founders’ Stakes Are Worth $18 Billion Apiece at IPO Price
- The Wall Street Journal: Anthropic to Seek $1.3 Trillion Valuation in IPO
- The Wall Street Journal: Anthropic to Seek $1.3 Trillion Valuation in IPO
- UPI: Anthropic stock to be priced in $70-78 range per share
- UPI: Anthropic stock to be priced in $70-78 range per share
Conservative (6)
- Breitbart News: Anthropic's Seven Co-Founders Will Cash Out $250 Million Each in IPO
- Breitbart News: Anthropic Sets $70-$78 IPO Price Range, Hoping for $1.4 Trillion Valuation
- New York Post: Anthropic targets $1.4 trillion market value in blockbuster IPO — down from earlier reported $2 trillion
- The Washington Times: AI firm Anthropic seeks a nearly $1.4 trillion valuation when it goes public
- The Washington Times: Anthropic seeks valuation of about $1.3 trillion when it becomes a publicly traded company
- Washington Examiner: Why the CoreWeave and Nebius reports are so important to the AI build-out (opinion)
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