TSMC

Anthropic has formally kicked off its IPO roadshow, offering 825 million Class A shares at $70 to $78 apiece for a base raise of up to $64.35 billion, with a Nasdaq listing under the ticker ANT. Combined with a separate $26 billion Class N private placement to investors including Google, Nvidia, Microsoft and TSMC, total proceeds could reach $90.4 billion at a fully diluted valuation of roughly $1.4 trillion.

Anthropic updated its IPO filing to offer 825 million shares at $70-78 each, raising up to $64.35 billion and implying a fully diluted valuation of up to $1.405 trillion, well above its $965 billion mark in May. Seven giants including AMD, Nvidia, Microsoft, Google and TSMC will concurrently purchase $26 billion of Class N shares at the IPO price. Revenue hit $33.24 billion in the first nine months, up roughly 1200% year over year, while net loss reached $104 billion amid growing investor caution on AI valuations.

Anthropic's latest draft prospectus shows the company aims to raise up to $64.4 billion in its IPO, plus $26 billion via a private placement to cornerstone investors including Google, Nvidia and AMD, bringing total fundraising to as much as $90.4 billion. With an initial price range of $70-78 per share, the listing roadshow is imminent, marking one of the largest capital events in AI history.

Anthropic withdrew an IPO pricing filing hours before its roadshow that would have offered roughly 867 million shares at $70-80 apiece, raising up to about $69.3 billion, saying the details were inaccurate. The same filing disclosed a concurrent $26 billion private placement subscribed by Alphabet, Nvidia, AMD, Broadcom, Micron, Microsoft and TSMC at the final IPO price, bringing combined deal size near $100 billion. Yet valuation expectations have slid from $2 trillion to as low as $1.1 trillion.

Anthropic quickly withdrew a securities filing for a planned IPO targeting $69.3 billion after distributing it to banks, citing inaccurate pricing details and promising an updated version. The filing showed 866.7 million Class A shares at a $70-80 target range, plus $26 billion in private placement commitments from Google, Nvidia, Microsoft, TSMC and others at the IPO price.

TSMC reported October 2026 consolidated revenue of NT$586.89 billion, up 59.7% year over year and 14.7% sequentially, sustaining near-60% growth on a high base. Cumulative January-October revenue reached NT$4.49 trillion, up 43.3% year over year, lending early credibility to its Q4 guidance of $52.3-54.3 billion as AI and HPC demand continues to outstrip supply.