Anthropic set an initial public offering price range of $70 to $78 per share on Tuesday, offering 825 million shares on the Nasdaq stock exchange under ticker symbol ANT. The proposed band values the artificial intelligence company at up to $1.405 trillion on a fully diluted basis, up from a $965 billion valuation in May 2026.
If underwriters price the sale at the top of that band, the company would generate up to $64.35 billion in net proceeds. That capital influx follows rapid operational growth alongside substantial accounting losses. In the first nine months of 2026, Anthropic generated $33.24 billion in revenue, roughly a 1,200 percent increase from the same span in 2025. Over that same period, it recorded a net loss of $104 billion, driven largely by fair-value accounting changes tied to convertible notes and derivative liabilities.
Trading is projected to begin in mid-November 2026. Prospective investors evaluating their allocations can review the registration terms through the company's updated registration filing.
