# Anthropic launches IPO roadshow with shares priced at $70 to $78

published: 2026-11-10T15:05:53.147Z
topic: funding
breaking: true
source: https://the-decoder.com/anthropic-kicks-off-ipo-roadshow-offering-shares-at-70-to-78-and-targeting-a-trillion-dollar-valuation/
url: https://aiagentnews.io/stories/anthropic-launches-ipo-roadshow-with-shares-priced-at-70-to-78

Anthropic has started its roadshow for a Nasdaq IPO, offering 825 million Class A shares priced between $70 and $78 each. Reuters reports that with a separate private placement, the total raise could reach $90.4 billion at a valuation of up to $1.02 trillion.

Anthropic plans to list on Nasdaq under the ticker "ANT". Its official announcement says the public offering covers 825 million Class A common shares priced between $70 and $78. Of those, 801,351,354 come from the company and 23,648,646 from existing shareholders, so Anthropic receives no proceeds from the secondary portion. Goldman Sachs and Morgan Stanley lead the underwriting syndicate, which also has a 30-day option to buy 123.75 million more shares.

According to Reuters, Anthropic plans to raise up to $64.4 billion in the public offering and another $26 billion through a private placement. Anchor investors named for the placement include Google, Nvidia, AMD, Broadcom, Micron Technology, Microsoft and TSMC. Based on the share count in its prospectus, the target valuation is up to $1.02 trillion, after a previously discussed $1.5 trillion figure was judged too high.

Anthropic's Q3 revenue rose 47 percent quarter over quarter to $16.96 billion, and its net loss narrowed, though growth slowed from the prior quarter's 144 percent jump. The prospectus shows nearly $900 billion in compute commitments with partners including Amazon and Google, some of which depends on financing outside the company's control. The Nasdaq posted its sharpest one-day drop in 19 months on Thursday, adding to investor skepticism about AI spending.

## Why it matters if you build agents

The prospectus gives developers building on Claude models a clearer view of Anthropic's finances and compute commitments than they had as a private company.

Part of the roughly $900 billion in planned compute capacity depends on outside financing, so teams that rely on Claude APIs should watch how the offering and market conditions affect that capacity.