Anthropic IPO: Price Range, ANT Ticker, Date and How to Buy

Anthropic IPO at a Glance

These are the terms in Anthropic's amended S-1 (Amendment No. 2, filed November 10, 2026), plus the timing reported by CNBC. Anything marked "reported" comes from unnamed sources, not from Anthropic.

Latest Anthropic IPO News (November 10, 2026)

Anthropic set its price range and kicked off its investor roadshow on Tuesday, November 10. The key points from the filing and the first day of coverage:

• Range set at $70 to $78. The 825 million share base deal would raise up to $64.35 billion at the top end, the largest IPO ever if it prices there.
• $26 billion from seven tech giants. AMD, Broadcom, Google, Micron, Microsoft, NVIDIA and TSMC agreed to buy $26.0 billion of non-voting Class N shares in a private placement at the IPO price.
• Timing. CNBC reports pricing on November 18 and the first trade on November 19, with about 20% of shares set aside for retail investors and the order book already covered.
• A shaky market. Fortune notes the deal launches after a 5.5% drop in the Nasdaq last week, which is why the valuation is below the $1.2 to $2 trillion talk from earlier in the fall.
• Revenue still climbing. Run-rate revenue reached about $81 billion at October 31, 2026, up $10 billion in a month.

For the full filing-by-filing history, see our full Anthropic IPO date and price tracker.

When Is the Anthropic IPO?

If the reported plan holds, the timeline for the Anthropic IPO is:

1. November 10: roadshow starts; range set at $70 to $78.
2. November 18 (evening): the SEC declares the registration effective and the final price is set.
3. November 19: ANT opens for trading on Nasdaq. IPO stocks usually start trading late in the morning, after the opening auction.
4. Within two business days: the final prospectus (form 424B4) is filed with the exact price and share count.

Anthropic has not confirmed these dates itself. Big IPOs sometimes move a day or two because of market swings or heavy demand. Fortune said trading could start "as early as Wednesday or Thursday" next week.

Anthropic IPO Price and Valuation

The filed range is $70 to $78 per share. Anthropic expects about 13.09 billion shares outstanding after the offering, which gives these values:

Anthropic IPO math at the filed range (S-1/A No. 2; gross proceeds before underwriting fees)

IPO price	Raised (825M shares)	Market value
$70	$57.8B	$916B
$74 (midpoint)	$61.1B	$968B
$78	$64.4B	$1.02T

Fully diluted, counting options and restricted stock, CNBC puts the top of the range at up to about $1.4 trillion. That is why headlines quote both "$1 trillion" and "$1.4 trillion": they count shares differently.

Hot IPOs often price above the range or jump on the first day, but nothing guarantees it. For a deeper look at the old private share prices and estimates, see our Anthropic share price estimates.

How to Buy Anthropic Stock

There are three realistic ways to own ANT:

1. Buy on the first day of trading. Any brokerage account with access to Nasdaq can buy ANT once it opens. In Canada that includes most bank-owned and discount brokers that offer US stocks; you will pay in US dollars.
2. Apply for an IPO allocation. Some US brokers run IPO-access programs that let retail customers ask for shares at the IPO price. CNBC reports up to about 20% of the deal may go to retail. Allocations are not guaranteed and are usually small.
3. Own it indirectly. Google, Amazon, NVIDIA and other partners hold large Anthropic stakes, and some ETFs may add ANT after it lists.

The Numbers Behind the Anthropic IPO

Anthropic is growing faster than almost any company in history, and losing a lot of money doing it:

• Revenue, first nine months of 2026: $33.24 billion
• Net loss, same period: $104.04 billion, mostly from the cost of computing power
• Run-rate revenue: about $81 billion at October 31, 2026
• Who controls it: the co-founders' Class F share carries 50.1% of the votes, so public buyers will not control the company

We break the losses down line by line in Anthropic's $80 billion loss and 2026 financials.

Anthropic IPO Risks to Know

• Huge losses. The company spends far more than it earns on chips, power and data centres.
• Price and valuation. At about $1 trillion it is valued like a mature tech giant, while it is still losing money.
• Government contracts. The Pentagon's decision to flag Claude as a supply chain risk is a live issue; read why the Pentagon ruled Claude a supply chain risk.
• Lock-up expiry. When the 180-day lock-up ends around May 2027, insiders can sell, which often weighs on a stock.
• A nervous market. AI stocks have been volatile through November 2026.

This page is news and education, not investment advice.

Every Anthropic Page on Strategic Crypto Reserve

Why the Anthropic IPO Matters for AI Data Centres

A big share of the money Anthropic raises goes straight into chips, power and buildings. Its $104 billion nine-month loss is mostly computing costs, which shows how expensive AI infrastructure is. If you are planning a GPU hall of your own, the AI Build Configurator prices a whole AI build by state or province, from the servers to the power bill. For the wider market, see the AI data centre stocks we follow.