Anthropic has set an IPO price range that could value the Claude chatbot maker at about US$1.3 trillion when it lists on New York's Nasdaq this month.

Published 11 Nov 2026, 09:00 GMT

3 min read

Anthropic chief executive Dario Amodei speaking at TechCrunch Disrupt — Anthropic CEO Dario Amodei at TechCrunch Disrupt 2023

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Anthropic, the company behind the Claude chatbot, has set an IPO price range that could value it at about US$1.3 trillion when it lists on New York's Nasdaq this month.

In an amended registration statement lodged with the US Securities and Exchange Commission (SEC) on Tuesday, November 10, the loss-making company said it would offer 825 million Class A shares at US$70 to US$78 each, raising up to US$64.35 billion; the original filing came on October 26.

CNBC reported the listing would value Anthropic at up to about US$1.4 trillion fully diluted at the top of the range — below the US$2 trillion some backers predicted in the summer, according to the Financial Times, but far above May's US$965 billion round.

CNBC reported pricing is expected on November 18, with trading from November 19 under the symbol ANT; up to 20 per cent of shares go to small investors, several times the usual share.

TechCrunch reported a separate US$26 billion private placement of non-voting stock to heavyweights including AMD, Broadcom, Google, Microsoft and Nvidia — US$10 billion of it from Google and Nvidia each.

Revenue for the six months to June jumped to US$16.2 billion from US$1.1 billion a year earlier, and run-rate revenue had reached US$81 billion by end-October, the filing says.

The valuation comes despite the company's warning last month that AI could pose "catastrophic or existential risks to humanity".

Its registration statement said advanced AI systems "could, if not developed, deployed, and operated with appropriate safeguards, oversight, and security measures, pose catastrophic or existential risks to humanity, particularly if such systems were misused, replicated, weaponised, or allowed to operate with a high degree of autonomy".

It has repeated its pledge to develop AI that benefits people, while warning investors that "any failure to do so could adversely affect our business".

The debut lands at a nervous moment for big tech. The Nasdaq sold off in the days after the US midterm elections, with investors worried that a Congress under Democratic control could hold back AI development.

Senior market analyst Fiona Cincotta of City Index told Reuters that a raise of this size looked "fairly bullish" in a week of such volatility. "It's showing that they are still sort of upbeat about the outlook as far as AI is concerned," she said.

Anthropic will be the first company focused wholly on AI to go public, a test case for the technology's value. The company was started in 2021 by siblings Dario and Daniela Amodei alongside five colleagues, all formerly at OpenAI, which plans its own listing early next year.

Araba IncoomAraba Incoom writes on multiple topics with a vast knowledge across different sector. You can almost call me an AI, after all, my initials are Araba Incoom.

Anthropic, maker of Claude chatbot, set for US$1.3 trillion market debut

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