Anthropic: IPO draws about six times the shares on offer, seeking up to USD 64.4 billion plus a USD 26 billion placement at a USD 1.4 trillion valuation

NewTimeSpace News: On 13 November 2026, Anthropic PBC, the developer of Claude, drew orders for about six times the shares available in its initial public offering, according to people familiar with the matter. The company and its co-founders are seeking to raise as much as USD 64.4 billion in the IPO and USD 26 billion in a concurrent private placement, for a combined USD 90.4 billion, targeting a fully diluted valuation of about USD 1.4 trillion. The company is unlisted and plans to trade on Nasdaq under the symbol ANT.

Its filing lodged this week shows the offering covers about 825 million Class A ordinary shares, of which the company is issuing roughly 801.4 million and existing shareholders are selling about 23.65 million, at an indicative price of USD 70 to USD 78 each, implying up to about USD 64.35 billion from the public tranche at the top of the range. Goldman Sachs and Morgan Stanley are leading the deal, joined by 20 other banks, with the stock expected to trade on the Nasdaq Global Select Market.

With demand exceeding supply, underwriters have told prospective investors that Anthropic will prioritise existing backers, so some new buyers will receive smaller allocations than they expect, while retail investors can receive up to 20 per cent of the offering. The USD 26 billion private placement is being taken up by strategic investors, including Nvidia, which has agreed to buy about USD 10 billion, alongside Alphabet, Micron and Microsoft. The people said details, including the level of demand, could still change.

Taken together, the two transactions would exceed SpaceX's earlier IPO and become the largest listing in US history. The filing shows a revenue run rate of USD 81 billion as of 31 October, up USD 10 billion from the end of September; the company calculates the metric by annualising consumption-based fees for a trailing 28-day period and subscription fees for a single month. Anthropic was founded in 2021 by former OpenAI staff and is headquartered in San Francisco.