Anthropic set a price range of $70 to $78 a share for its initial public offering, according to an amended filing with the Securities and Exchange Commission on Tuesday morning. The artificial intelligence company plans to sell 825 million Class A shares, which would raise $64.35 billion at the top of the range, before any extra shares sold to the underwriters. The shares are to trade on the Nasdaq Global Select Market under the ticker ANT.
Anthropic itself is selling 801.4 million of the shares, and existing shareholders are selling 23.6 million. The underwriters, led by Goldman Sachs and Morgan Stanley, have an option to buy up to 123.75 million more shares from the company.
Alongside the offering, Anthropic plans to sell $26 billion of shares at the IPO price in a private placement to Google, Nvidia, AMD, Broadcom, Micron, Microsoft and TSMC Partners, the filing shows. Google and Nvidia are each buying about $10 billion. At the $74 midpoint, the company expects net proceeds of about $84.6 billion from the offering and the placement combined.
The filing added a new growth figure: Anthropic said its annualized run-rate revenue was about $81 billion as of Oct. 31, up $10 billion from Sept. 30. Earlier filings showed revenue for the first nine months of 2026 of $33.24 billion, up from $2.55 billion a year earlier, and a net loss for the period of $104.04 billion, mostly from a $94.32 billion non-cash change in the fair value of convertible notes and similar items.
The filing does not set a pricing date. CNBC and The Wall Street Journal, citing people familiar with the matter, reported that the shares are expected to begin trading next week.
