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Anthropic stock market listing

Anthropic plans to raise $64bn by offering 825 million Class A shares at $70 to $78 each, aiming to trade Thursday or Friday next week at a valuation up to.

Updated 00:52 UTC, 11 November 2026 · 11 reports from 8 outlets · 8 confirmed · 33 one-source

Image from France 24: Anthropic eyes $1.4 trillion valuation in blockbuster IPO

Image: France 24

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Written by AI only from the receipts on this page; each number links to the claim that line rests on.

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What changed

Last 48 hours, newest first (times UTC)

  1. Ghost edit The Guardian World edited "Anthropic targets valuation of up to $1.4tn in stock market flotation": Anthropic IPO details added: $70-$78/share, $1.4tn valuation, $100bn raise, $64.4bn share sale, $26bn private placement, CEO Amodei selling $260m; SpaceX raised $75bn. 5 hrs ago
  2. Where it stands Anthropic plans to raise $64bn by offering 825 million Class A shares at $70 to $78 each, aiming to trade Thursday or Friday next week at a valuation up to. 6 hrs ago
  3. Ghost edit TechCrunch edited "All 7 Anthropic founders will each cash out about $250M in IPO | TechCrunch": 3 sentences rewritten 6 hrs ago
  4. Ghost edit The Verge edited "Anthropic targets $1.4 trillion IPO": IPO price range $70.00–$78.00 and $1.4 trillion valuation unchanged; source changed to "the The New York Times" and "According to Anthropic" added. 7 hrs ago
  5. Ghost edit TechCrunch edited "Anthropic sets IPO price range of $70 to $78 per share to reach an implied valua": Added that Anthropic expects up to 20% of the offering allocated to retail investors; changed "towards" to "toward" and "the company" to "The company. 7 hrs ago
60 earlier changes
  1. Where it stands Anthropic plans to raise $64bn by offering 825 million Class A shares at $70 to $78 each, aiming for trading next Thursday or Friday, with third-quarter revenue of $17bn and. 9 hrs ago
  2. Where it stands Anthropic plans to raise $64bn by offering 825 million Class A shares at $70 to $78 each, seeking a valuation up to $1.4tn, with trading aimed for Thursday or Friday. 10 hrs ago
  3. Ghost edit The Guardian World edited "Anthropic targets valuation of up to $1.4tn in stock market flotation": 1 sentence rewritten 10 hrs ago
  4. Where it stands Anthropic plans to raise $64bn in a stock market listing, offering 825 million Class A shares at $70 to $78 each, with trading aimed for Thursday or Friday next week. 11 hrs ago
  5. Ghost edit The Verge edited "Anthropic targets $1.4 trillion IPO": Removed IPO price range $70.00–$78.00 per share and WSJ attribution; added NYT $1.4 trillion valuation, AI safety/midterm context, and alleged Chinese spy–Jensen Huang item. 12 hrs ago
  6. Ghost edit TechCrunch edited "Anthropic sets IPO price range of $70 to $78 per share to reach an implied valua": Range wording changed "to"→"and"; added underwriter option note, 20% retail allocation, and run-rate revenue $81B end-October, ~$10B above September. 12 hrs ago
  7. Where it stands Anthropic offers 825 million Class A shares at $70 to $78 each, after OpenAI was valued at $1.25 trillion last week on $11 billion raised. 13 hrs ago
  8. Story opened Anthropic has set an IPO price range of $70 to $78 per share, targeting a listing that would raise $64bn at an implied valuation of about $1.4 trillion. 13 hrs ago

What to watch

What is scheduled or expected next, from the ledger.

  1. Anthropic shares begin trading

    ExpectedIn 8 days

Two sides

The two media blocs whose accounts of this story differ most, side by side.

Where they part European media foregrounds valuation targets and share mechanics, while Middle East state media centres Dario and Daniela Amodei and a Pentagon national security risk label.

European media

Financial TimesPrivateFrance 24Public broadcasterThe GuardianNon-profitBBCPublic broadcaster

European media foregrounds Anthropic's valuation targets, with the Financial Times reporting bankers preparing to raise the IPO valuation to '$1.5tn or more' and France 24 and The Guardian citing a '$1.4 trillion valuation'. The BBC centres the mechanics, noting the company 'will offer 825 million shares at a price between $70 and $78 apiece', while the Financial Times also carries Goldman Sachs' revenue projection and a comparison to SpaceX's '$1.78tn' listing.

Middle East state media

Al JazeeraState mediaTRT WorldState media

Middle East state media foregrounds the scale of Anthropic's listing, with Al Jazeera and TRT World both leading on a target of up to $1.4 trillion and framing it as a 'test of Wall Street's AI fervour'. The outlets centre the company's filing details, naming chief executive Dario Amodei and president Daniela Amodei and noting the co-founders 'will keep just over half of shareholder votes'. They also report that 'the Pentagon has labelled Anthropic a national security risk' over military-use restrictions.

How it’s being told

One card per media bloc. Each summary is written only from that bloc’s own headlines and quotes.

European media

Financial TimesPrivateFrance 24Public broadcasterThe GuardianNon-profitBBCPublic broadcaster

European media foregrounds Anthropic's valuation targets, with the Financial Times reporting bankers preparing to raise the IPO valuation to '$1.5tn or more' and France 24 and The Guardian citing a '$1.4 trillion valuation'. The BBC centres the mechanics, noting the company 'will offer 825 million shares at a price between $70 and $78 apiece', while the Financial Times also carries Goldman Sachs' revenue projection and a comparison to SpaceX's '$1.78tn' listing.

US media

TechCrunchPrivateThe VergePrivate

US media foregrounds the listing's scale and the founders' payouts, centring Anthropic's seven co-founders and their share sales. TechCrunch reports each founder would 'take in just shy of $250 million' at the mid-range, noting they will 'control 51.1% of the votes', while The Verge leads with the '$1.4 trillion IPO' target. Outlets also detail board members' indicated share purchases.

Middle East state media

Al JazeeraState mediaTRT WorldState media

Middle East state media foregrounds the scale of Anthropic's listing, with Al Jazeera and TRT World both leading on a target of up to $1.4 trillion and framing it as a 'test of Wall Street's AI fervour'. The outlets centre the company's filing details, naming chief executive Dario Amodei and president Daniela Amodei and noting the co-founders 'will keep just over half of shareholder votes'. They also report that 'the Pentagon has labelled Anthropic a national security risk' over military-use restrictions.

In their words

What the people at the centre of this story said, word for word, with the article each quote appeared in.

aiming for its shares to start trading Thursday or Friday next week.

Wall Street JournalThe VergeReceipt

Receipts

Every claim with the verbatim sentence it came from. Tap a claim to see its sources.

Confirmed 8

Reported by at least two independent outlets, or by the actor itself.

Anthropic has floated an initial IPO price range of $70 to $78 a share. Confirmed by 2TechCrunch, France 24 · #
Anthropic's annual revenue is running at $81bn as of 31 October. Confirmed by 3The Guardian, Al Jazeera, TRT World · #
Anthropic's listing could value the company at up to $1.4 trillion. Confirmed by 5The Guardian, Al Jazeera, TRT World, TechCrunch · #
Anthropic is aiming for its shares to start trading Thursday or Friday next week. Confirmed by 2The Verge, The Guardian · #
Anthropic's third-quarter revenue came in at $17 billion. Confirmed by 3TechCrunch, Al Jazeera, TRT World · #
Anthropic is offering 825 million Class A shares at an estimated price range of $70 to $78 per share. Confirmed by 5TechCrunch, The Verge, The Guardian, Al Jazeera · #
Anthropic plans to raise $64bn in a major stock market listing. Confirmed by 4BBC, TechCrunch, The Guardian, TRT World · #
OpenAI was valued at $1.25 trillion last week after raising $11 billion in fresh capital. Confirmed by 2TechCrunch, The Verge · #

One source 33

Only one outlet so far. Shown, never hidden — treat with care.

Anthropic's bankers are preparing to increase the company's IPO valuation to $1.5tn or more. One source: Financial TimesFinancial Times · #
Nvidia continues to face pressure over its CEO's love affair with a suspected Chinese spy. One source: France 24France 24 · #
Investors are becoming increasingly concerned about risks associated with the AI boom. One source: France 24France 24 · #
Anthropic is the company behind the Claude AI chatbot. One source: France 24France 24 · #
Anthropic's seven co-founders will collectively control 51.1% of the votes. One source: TechCrunchTechCrunch · #
After the sale, each Anthropic co-founder will own about 3.2% of the total outstanding Class A shares. One source: TechCrunchTechCrunch · #
Board member Christopher Liddell wants to buy $3 million worth of Anthropic shares. One source: TechCrunchTechCrunch · #
Board member Reed Hastings has indicated he wants to buy $300 million worth of Anthropic shares through his donor-advised fund. One source: TechCrunchTechCrunch · #
At the mid-range price of $74, each Anthropic founder would take in just shy of $250 million. One source: TechCrunchTechCrunch · #
Each of Anthropic's seven co-founders will sell 3,378,378 shares in the IPO. One source: TechCrunchTechCrunch · #
The Nasdaq fell 5.5 percent on Thursday, its biggest one-day drop in more than a year. One source: Al JazeeraAl Jazeera · #
Anthropic has committed almost $900bn to computing costs with partners including Amazon and Google. One source: Al JazeeraAl Jazeera · #
Anthropic secured $26bn in a private placement backed by Google, Nvidia, Microsoft and AMD. One source: Al JazeeraAl Jazeera · #
Anthropic aims to raise as much as $64.4bn in its IPO. One source: Al JazeeraAl Jazeera · #
Elon Musk's SpaceX is the largest ever stock market listing, joining the US market with a valuation of $1.78tn. One source: The GuardianThe Guardian · #
Anthropic will raise a further $26bn through a private placement with cornerstone investors including Alphabet and Nvidia. One source: The GuardianThe Guardian · #
Anthropic's seven co-founders, led by Dario Amodei and Daniela Amodei, will keep just over half of shareholder votes after the listing. One source: TRT WorldTRT World · #
The Pentagon labelled Anthropic a national security risk after the company refused to lift restrictions on military use of its technology. One source: TRT WorldTRT World · #
Seven tech companies including Google, Nvidia, AMD and Microsoft agreed to buy $26 billion of non-voting shares at the IPO price. One source: TRT WorldTRT World · #
Goldman Sachs expects Anthropic's revenue to exceed $600bn by 2030. One source: Financial TimesFinancial Times · #
Anthropic has applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol "ANT." One source: The VergeThe Verge · #
  • “Anthropic has applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol “ANT.””

    The VergePrivateReportsAnthropic targets $1.4 trillion IPO

Anthropic's IPO was previously expected to be valued at as much as $2 trillion. One source: The VergeThe Verge · #
  • “As Reuters notes, the Anthropic IPO was previously expected to be valued at as much as $2 trillion.”

    The VergePrivateAttributesAnthropic targets $1.4 trillion IPO

Anthropic confirmed on Tuesday that its IPO could be one of the biggest ever. One source: The VergeThe Verge · #
  • “Anthropic confirmed on Tuesday that its IPO could be one of the biggest ever, even while falling short of previous expectations.”

    The VergePrivateReportsAnthropic targets $1.4 trillion IPO

Anthropic reported a nine-month net loss of $104 billion. One source: TechCrunchTechCrunch · #
Anthropic estimates net proceeds of between $84.6 billion and $93.7 billion. One source: TechCrunchTechCrunch · #
Google and Nvidia are each investing $10 billion in Anthropic. One source: TechCrunchTechCrunch · #
Anthropic struck a deal to privately sell $26 billion of non-voting Class N stock at the IPO price to AMD, Broadcom, Google, Micron, Microsoft, Nvidia and TSMC. One source: TechCrunchTechCrunch · #
Anthropic could be worth $1.404 trillion if its shares list at the top of the price range. One source: TechCrunchTechCrunch · #
OpenAI's $11 billion raise fell short of the $20 billion it had initially sought. One source: TechCrunchTechCrunch · #
  • “OpenAI, Anthropic’s main rival, was reportedly valued at $1.25 trillion last week after the ChatGPT maker raised $11 billion in fresh capital, short of the $20 billion it had initially sought.”

    TechCrunchPrivateAttributesAnthropic reportedly plans to move forward with IPO plans

A $2 trillion Anthropic valuation was floated a few months ago. One source: TechCrunchTechCrunch · #
  • “Some institutional investors are now pushing for a valuation below the $1.5 trillion target discussed as recently as last week, a figure that was itself considerably below the $2 trillion floated a few months ago, the report said.”

    TechCrunchPrivateAttributesAnthropic reportedly plans to move forward with IPO plans

Some institutional investors are pushing for an Anthropic valuation below the $1.5 trillion target. One source: TechCrunchTechCrunch · #
  • “Some institutional investors are now pushing for a valuation below the $1.5 trillion target discussed as recently as last week, a figure that was itself considerably below the $2 trillion floated a few months ago, the report said.”

    TechCrunchPrivateAttributesAnthropic reportedly plans to move forward with IPO plans

Anthropic is moving ahead with its listing plans. One source: TechCrunchTechCrunch · #
Anthropic plans to set a valuation range this week and begin trading next week. One source: TechCrunchTechCrunch · #

Ask about this story

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Watch

News video from the outlets covering this story.

Anthropic eyes $1.4 trillion valuation in blockbuster IPO • FRANCE 24 English

France 24 ·

Banks got Anthropic IPO plans before quick retraction, reasons unclear

Reuters ·

Ghost edits

Changes outlets made to their articles after publishing, caught by re-reading them.

  • The GuardianSubstantive edit

    HeadlineAnthropic targets valuation of up to $1.4tn in stock market flotation

    Anthropic IPO details added: $70-$78/share, $1.4tn valuation, $100bn raise, $64.4bn share sale, $26bn private placement, CEO Amodei selling $260m; SpaceX raised $75bn.

    RemovedClaude chatbot developer had been reported to be aiming for $2tn IPO on Wall Street before investors cooled on AI Anthropic is seeking a valuation of up to $1.4tn (£1.05tn) in its imminent stock market flotation , short of the $2tn that…

    AddedAt the upper bracket of the $70-$78 per share price range, Anthropic would be worth $1.4tn on a fully diluted basis – which means taking into account all the common shares in the company in existence, including employee stock options.

    Read the article as it stands now

  • The VergeSubstantive edit

    HeadlineAnthropic targets $1.4 trillion IPO

    IPO price range $70.00–$78.00 and $1.4 trillion valuation unchanged; source changed to "the The New York Times" and "According to Anthropic" added.

    RemovedIts IPO price is expected to be between $70.00 and $78.00 per share, which would put its valuation as high as $1.4 trillion, according to the New York Times.

    AddedIts IPO price is expected to be between $70.00 and $78.00 per share, which would put its valuation as high as $1.4 trillion, according to the The New York Times.

    Read the article as it stands now

  • TechCrunchSubstantive edit

    HeadlineAnthropic sets IPO price range of $70 to $78 per share to reach an implied valuation of $1.404 trillion | TechCrunch

    Added that Anthropic expects up to 20% of the offering allocated to retail investors; changed "towards" to "toward" and "the company" to "The company.

    RemovedAnthropic intends to start trading on the Nasdaq close to November 19, per reporting from CNBC , under the ticker symbol “ANT”.

    AddedAnthropic intends to start trading on the Nasdaq close to November 19, per reporting from CNBC , under the ticker symbol “ANT.” The company expects up to 20% of the offering to be allocated to retail investors.

    Read the article as it stands now

  • The VergeSubstantive edit

    HeadlineAnthropic targets $1.4 trillion IPO

    Removed IPO price range $70.00–$78.00 per share and WSJ attribution; added NYT $1.4 trillion valuation, AI safety/midterm context, and alleged Chinese spy–Jensen Huang item.

    RemovedIts IPO price is expected to be between $70.00 and $78.00 per share and according to the Wall Street Journal’s sources, Anthropic is “aiming for its shares to start trading Thursday or Friday next week.” As Reuters notes, the Anthropic…

    AddedIts IPO price is expected to be between $70.00 and $78.00 per share, which would put its valuation as high as $1.4 trillion, according to the New York Times.

    Read the article as it stands now

  • TechCrunchSubstantive edit

    HeadlineAnthropic sets IPO price range of $70 to $78 per share to reach an implied valuation of $1.404 trillion | TechCrunch

    Range wording changed "to"→"and"; added underwriter option note, 20% retail allocation, and run-rate revenue $81B end-October, ~$10B above September.

    RemovedAll up, Anthropic estimates net proceeds to reach somewhere between $84.6 billion to $93.7 billion.

    AddedAll up, Anthropic estimates net proceeds to reach somewhere between $84.6 billion and $93.7 billion (the latter if the IPO underwriters exercise their option to buy additional shares).

    Read the article as it stands now

  • TechCrunchMinor edit

    HeadlineAll 7 Anthropic founders will each cash out about $250M in IPO | TechCrunch

    3 sentences rewritten

    RemovedAs Anthropic barrels toward an enormous IPO that could value it at $1.4 trillion IPO, the company has disclosed a tidbit in its new S-1 filing about how many shares each of its seven co-founders plan to sell.

    AddedAs Anthropic barrels toward an enormous IPO that could value it at $1.4 trillion, the company has disclosed a tidbit in its new S-1 filing about how many shares each of its seven co-founders plan to sell.

    Read the article as it stands now

All sources

11 reports from 8 outlets — with who owns each outlet and who pays for it.

TechCrunch Private

United StatesOwner: Regent, L.P. (acquired from Yahoo in 2025)Paid by: advertising + events

Financial Times Private

United KingdomOwner: Nikkei Inc.Paid by: subscriptions + advertising

Al Jazeera State media

QatarOwner: Al Jazeera Media NetworkPaid by: funded by the State of Qatar

BBC Public broadcaster

United KingdomOwner: BBC — public corporation under Royal CharterPaid by: TV licence fee

France 24 Public broadcaster

FranceOwner: France Médias Monde (wholly owned by the French state)Paid by: French public funds (state allocation for public broadcasting)

The Guardian Non-profit

United KingdomOwner: Guardian Media Group, owned by the Scott Trust LimitedPaid by: reader contributions + subscriptions + advertising; Scott Trust endowment

The Verge Private

United StatesOwner: Vox MediaPaid by: advertising + subscriptions

TRT World State media

TürkiyeOwner: Turkish Radio and Television Corporation (TRT)Paid by: Turkish state budget + advertising

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Ars TechnicaAssociated PressCGTNCNADWESPNEuronewsForeign PolicyFox NewsNPRRTReutersSky NewsSky SportsSouth China Morning PostSputnikTASSThe New York TimesThe Times of IndiaWION

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8 confirmed · 33 one-source8 outletsUpdated