Anthropic said on November 10, 2026 that it had launched the roadshow for its proposed initial public offering of Class A common stock. The first-party newsroom post gives the size of the proposed deal, an expected price range and the ticker it has applied for, without naming a market capitalization. The company described itself as Anthropic, PBC.
The proposed offering consists of 825,000,000 shares of Class A common stock. Of that total, 801,351,354 shares would be offered by Anthropic and 23,648,646 shares would be offered by certain existing stockholders. Anthropic said it will not receive any proceeds from the sale of shares by those selling stockholders. The company also said it expects to grant the underwriters a 30-day option to buy up to an additional 123,750,000 shares of Class A common stock.
The initial public offering price is expected to be between 70.00 and 78.00 dollars per share. Anthropic has applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol ANT. At the top of that stated range, the 825 million shares in the base offering would represent about 64.35 billion dollars of gross proceeds before fees and expenses; at the bottom of the range the same share count would represent about 57.75 billion dollars. Those figures are arithmetic from the company's stated share count and price band. They are not a valuation of Anthropic as a whole, because the newsroom post does not disclose how many shares would be outstanding after the offering.
Copies of the preliminary prospectus, the company said, may be obtained from Goldman Sachs and Co. LLC or from Morgan Stanley and Co. LLC, which are listed as the contacts for the prospectus. A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. Anthropic repeated the standard caution that the securities may not be sold, and that offers to buy may not be accepted, before that registration statement becomes effective, and that the day's announcement does not constitute an offer to sell or a solicitation of an offer to buy.
The roadshow launch is a later step than the company's earlier public filings. Anthropic had already filed an S-1 to go public on Nasdaq under the ANT ticker and later amended that registration statement. Those earlier documents are separate news events already reported. Today's post is the company's own confirmation that the investor roadshow has started and that it is marketing a stated number of shares inside a stated price range.
Independent newsrooms covered the same announcement on November 10 and published implied company-value figures that do not appear in Anthropic's post and that do not agree with one another. TechCrunch wrote that the 70 to 78 dollar range implied a valuation of 1.404 trillion dollars. Other coverage circulating the same day cited a figure near 1.02 trillion dollars. This reporting does not treat either number as an established fact, because the first-party notice does not state a valuation and the published estimates diverge.
Readers should also keep the legal limits of the announcement in view. The offering is proposed, the registration statement is not yet effective, and Anthropic itself framed the post as a notice rather than a completed listing. Until the registration statement is effective and shares are actually sold, the price range, the share counts and the ANT listing remain plans described by the company and its underwriters.