Anthropic Eyes Record $1.5 Trillion Valuation in Landmark AI IPO
AI powerhouse Anthropic, maker of the Claude family of AI models, is on the verge of what could become the largest initial public offering in history. The company launched its IPO roadshow on November 10, 2026, offering 825 million shares of Class A common stock at an initial price range of $70 to $78 per share. Anthropic has filed to trade on the Nasdaq under the ticker symbol ANT.
Bankers are weighing plans to push Anthropic’s valuation even higher—potentially to $1.5 trillion or more—after the Financial Times reported robust investor demand. The deal was already fully covered by orders when it launched.
At the high end of its stated price range, Anthropic could raise up to $64.35 billion from the IPO alone. An additional $26 billion private placement from leading AI companies, including Nvidia and Alphabet, could push its total haul past the record set by SpaceX’s June IPO.
The company’s financial results are equally striking. Anthropic reported $33.2 billion in revenue during the first nine months of 2026, up 1,206% from the same period a year earlier. Its compute costs also fell sharply, from 172% of revenue to 57% year over year, strengthening the operating-leverage case for investors.
Trading is expected to begin around November 19, 2026, making the offering one of the most anticipated market events of the decade. CNBC’s Jim Cramer called Anthropic’s growth rate “the key reason why this should be the largest IPO in history.”
Source: CNBC – Anthropic Sets IPO Price Range of $70 to $78, Looks to Start Trading Nov. 19