Anthropic Kicks Off IPO Roadshow at Up to $1.4 Trillion Valuation
Anthropic has launched its IPO roadshow, planning to sell up to 825 million shares at $70 to $78 each, implying a valuation of as much as $1.4 trillion and roughly $64.4 billion in proceeds. About $62.5 billion comes from 801 million new shares, with existing holders selling only 23.6 million, so nearly all cash funds the company. The range is down from earlier talk of $2 trillion amid a tech selloff and post-midterm signals of voter unease over AI data centers, yet still tops OpenAI's $1.25 trillion private valuation. Trading is expected on Nasdaq under ticker ANT as soon as next Thursday or Friday.
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Rohan Paul (@rohanpaul_ai) · 2026-11-10 18
Anthropic forges ahead with IPO roadshow They will sell up to 825M shares at $70 to $78 each, a range that values it at as much as $1.4T.
At the top of that range the deal raises about 62.5B from 801M new shares.
Existing stockholders are selling only 23.6M shares, so almost all the cash funds the company instead of letting early investors exit.
Earlier talk had pointed to as much as $2T, and the cut follows a tech selloff and midterm results showing voters souring on AI data centers.
Even reduced, the price sits above the $1.25T private valuation OpenAI reached last week.
Shares are expected to start trading on Nasdaq under the ticker “ANT” as soon as Thursday or Friday next week.
