Anthropic seeks up to $1.4tn valuation in IPO
The gist
Claude maker Anthropic set an IPO price range of $70 to $78 a share, targeting up to $1.4tn.
The listing tests how long the AI spending boom can hold up.
How it unfolded
- May 2026Anthropic announced a $965 billion valuation in a funding round.
- Nov 9, 2026Anthropic introduced two new AI models, Claude Fable 5.2 and Claude Mythos 5.2.
- Nov 10, 2026In an updated SEC filing, Anthropic said it plans to sell 825 million shares at $70 to $78 each, with up to $64.35 billion in proceeds at the top of the range and a fully diluted valuation of roughly $1.3 trillion to $1.45 trillion.
Key terms
- IPO
- A process in which shares of a company are sold to institutional and retail investors, often to raise capital and become publicly traded.
- public benefit corporation
- A for-profit company whose stated goals include making a positive impact on society, not only earning profit.
- SEC filing
- A formal financial statement or document submitted to the U.S. Securities and Exchange Commission by public companies and certain insiders.
Source: Wikipedia