Anthropic Plans $64 Billion IPO at $1.4 Trillion Value

The Claude developer filed SEC documents offering 825 million Class A shares at an indicative price of $70 to $78 each.

Updated on Nov. 10, 2026 in Artificial Intelligence

Anthropic Plans $64 Billion IPO at $1.4 Trillion Value

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Anthropic, the company behind the Claude artificial intelligence model, filed documents with the US Securities and Exchange Commission on November 10, 2026, to offer 825 million Class A common shares. At the upper end of the indicative price range, the offering could raise approximately $64.3 billion.

Why it matters

The offering would be one of the largest initial public offerings on record and could value the company at $1.4 trillion. The amount raised is below the roughly $100 billion the company had initially been expected to raise in its stock market debut.

The offering comprises 825 million Class A common shares priced within an indicative range of $70 to $78 per share. The filing does not specify the final price, which will be set closer to the offering.

The players

Anthropic

Anthropic is an artificial intelligence company best known for developing the Claude family of AI models.

US Securities and Exchange Commission

The SEC is the federal agency that regulates US securities markets and reviews public offering filings.

The details

Anthropic filed the offering documents with the US Securities and Exchange Commission, setting an indicative price range of $70 to $78 per share for 825 million Class A common shares. The company is a technology firm that develops the Claude artificial intelligence model.

November 10, 2026: Anthropic filed its IPO documents with the Securities and Exchange Commission.

Market Landscape

The planned offering would give investors a public stake in a frontier AI developer valued at about $1.4 trillion. It positions Anthropic to compete for capital with other large AI companies seeking funding for model development.

Individual investors who want exposure to Anthropic will be able to buy shares only if the offering proceeds at the stated range. Users of the Claude model will see no direct change from the filing itself.

The takeaway

A company of Anthropic's scale going public would test how investors price frontier AI businesses. Readers tracking the sector can watch the final pricing against the indicative range.