Anthropic files for massive IPO and private placement targeting up to $90.4 billion

Anthropic PBC announced an IPO price range of $70 to $78 per share, seeking to raise up to $64.4 billion in the public offering and a $26 billion private placement. The company will list on Nasdaq under the ticker ANT and expects a fully‑diluted valuation of up to $1.4 trillion. It reported third‑quarter revenue of nearly $17 billion and an annualized revenue run rate of about $81 billion as of October 31, 2026.

The IPO creates a new tradable equity for investors at a valuation of up to $1.4 trillion, potentially affecting supply‑demand dynamics for AI‑sector stocks. The large capital raise provides Anthropic with funding to meet its $895 billion computing commitments and expand its Claude AI services.

  • 1Anthropic set an IPO price range of $70–$78 per share.
  • 2The public offering seeks to raise up to $64.4 billion.
  • 3A separate private placement will raise $26 billion.
  • 4Anthropic will offer 801.4 million shares, with existing holders selling 23.6 million shares.
  • 5Fully‑diluted valuation could reach $1.4 trillion.
  • 6Third‑quarter revenue was nearly $17 billion, up from $1.4 billion a year earlier.

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