Anthropic IPO Bankers Prepare for $1.5 Trillion Valuation After Orders Cover Offering, FT Reports

Nov 11, 2026
Bankers on Anthropic's IPO are preparing for a valuation of $1.5 trillion or more after first-day roadshow orders covered the whole offering, the Financial Times reported.

Bankers working on Anthropic's initial public offering are preparing for a valuation of $1.5 trillion or more, the Financial Times reported, according to HuggingNews. Institutional investors placed enough orders on the first day of the roadshow to cover the entire 825 million share offering.

The marketed range of $70 to $78 a share values the Claude developer at $1.26 trillion to $1.41 trillion on a fully diluted basis. Anthropic is seeking to raise up to $64.35 billion, and set those terms in an amended filing on Tuesday. Up to 20% of the shares are set aside for retail investors.

The offering is scheduled to price on 18 November, with trading on Nasdaq under the ticker ANT expected to start on 19 November.

We hope you enjoyed this article

Consider subscribing to one of our newsletters like AI Funding Brief or Daily AI Brief.

Also, consider following us on social media:

AI Funding News AI Brief AI Brief (X)
Free newsletter

AI Funding Brief

Guide
Companies building payments for AI agents

Companies building payments for AI agents

The networks, processors, platforms, rails and startups that let AI agents pay

Market report

2025 Generative AI in Professional Services Report

Thomson Reuters

This report by Thomson Reuters explores the integration and impact of generative AI technologies, such as ChatGPT and Microsoft Copilot, within the professional services sector. It highlights the growing adoption of GenAI tools across industries like legal, tax, accounting, and government, and discusses the challenges and opportunities these technologies present. The report also examines professionals' perceptions of GenAI and the need for strategic integration to maximize its value.

Read more

You may also like

Free, six days a week

Daily AI Brief: the AI news that matters, in your inbox.