IT Home reported on November 10, citing a CNBC report that evening, that Anthropic’s latest updated IPO filing shows the company plans to issue 825 million shares at $70 to $78 each.
At the $78 upper end, the offering could raise as much as $64.35 billion and support a fully diluted valuation of up to $1.405 trillion. That compares with the $965 billion valuation Anthropic disclosed in its May financing round this year.
Anthropic also said it has agreements with AMD, Broadcom, Google, Micron, Microsoft, Nvidia, and TSMC. The seven companies will buy a combined $26 billion of Anthropic Class N common stock in a private placement at the IPO price. Those shares are outside the IPO registration and are not subject to the underwriters’ lock-up.
The planned investor presentations come as the U.S. political setting has turned unsettled. In last week’s midterm elections, Democrats won control of both houses of Congress, and several state ballot measures that could slow AI infrastructure construction passed.
Equity markets have also grown more cautious about the AI investment boom. Investors worry that higher interest rates would raise borrowing costs for companies that need large amounts of debt to buy expensive infrastructure.
CNBC reported last week that some Anthropic investors expected the listing valuation might fall short of earlier targets. Until recently Anthropic had hoped for a $2 trillion valuation, but shareholders told CNBC it is now uncertain whether the company can reach $1.5 trillion. One investor said even that target looks stretched.
If Anthropic lists on Nasdaq this month as planned under the ticker ANT, the debut would come about five months after SpaceX’s IPO. SpaceX raised a record $85.7 billion and now has a market value slightly below $2 trillion, roughly in line with its valuation at listing.
For the first nine months of this year, Anthropic’s revenue was $33.24 billion, up about 1,200% year over year. Net loss reached $104 billion, mainly from fair-value changes in convertible notes and derivative liabilities. The prospectus shows a loss of $25.1 billion in the same period of 2025.
Anthropic’s co-founders wrote in the prospectus: “We hope to help humanity safely navigate this technological transformation, open new frontiers of exploration, and usher in an age of wonders. Whether institutions or individuals, becoming our shareholders means participating in this endeavor. We hope you share our ambitions and work with us to turn this goal into reality.”
Original report: IT Home