Anthropic launches roadshow for proposed Nasdaq IPO at $70 to $78 per share

Anthropic, PBC launched the investor roadshow for its proposed initial public offering on 10 November 2026, eight days after filing an amended S-1/A disclosing $16.96 billion in Q3 2026 revenue. Anthropic has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol ANT, with Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC named on the preliminary prospectus while its SEC Form S-1 registration statement awaits effectiveness.

Share allocation and offering structure

The proposed base offering totals 825,000,000 shares of Class A common stock at an expected price range of $70 to $78 per share, split between 801,351,354 primary shares sold by Anthropic and 23,648,646 secondary shares offered by existing selling stockholders, from which Anthropic will receive no proceeds. Anthropic also expects to grant underwriters a 30-day option to purchase up to 123,750,000 additional Class A shares.

Key numbers

• $70 to $78 per share expected initial public offering price range under proposed Nasdaq ticker ANT
• 825,000,000 base Class A shares (801,351,354 primary from Anthropic and 23,648,646 from selling stockholders)
• 123,750,000 additional Class A shares in the 30-day underwriter option (948,750,000 shares if exercised in full)
• $57.75 billion to $64.35 billion in implied gross base offering proceeds before the underwriter option