Anthropic updated its IPO prospectus on Tuesday, November 10, 2026, and set the price range between $70 and $78 per share. The offering covers the sale of 825 million Class A shares, which could raise between $57.75 billion and $64.35 billion.
At the top of the range, the company's fully diluted valuation reaches approximately $1.404 trillion. This marks a jump from the $965 billion May funding round valuation, but remains below the $2 trillion figure that circulated as a target months earlier.
What changed from previous coverage
Geekiki previously reported on the roadshow and higher valuation estimates. Today's substantial update is the formalization of the price range in the updated SEC filing, with concrete raise figures and confirmation of the $26 billion private placement with cornerstone investors including Google, Nvidia, AMD, Broadcom, Micron, Microsoft and TSMC. Google and Nvidia are each investing around $10 billion.
Run-rate revenue reached $81 billion by the end of October, up about $10 billion from the end of September. The planned ticker remains ANT on Nasdaq, with trading expected near November 19, according to reports.
Market context
The move comes amid cooling appetite for AI stocks and after an earlier draft was withdrawn for containing inaccurate details. As a public benefit corporation, the voting structure remains concentrated: founders hold a Class F share with 50.1% of the voting power, and the Long-Term Benefit Trust elects a board majority.
Sources: TechCrunch, Reuters, CNBC.
This content was produced with artificial intelligence assistance and reviewed for factual accuracy based on public sources.
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