Anthropic sets a price range for its blockbuster IPONEWS | 10 November 2026Anthropic has set a price for its much-anticipated IPO.
In a regulatory filing on Tuesday, the AI startup said that shares for the upcoming public offering would be priced between $70 and $78, indicating that it intends to raise between $57 billion and $64 billion.
The filing also said that Anthropic has entered into an agreement with investors, including Broadcom, Google, and Nvidia, to purchase $26 billion in shares at the IPO price, bringing the total amount the company could raise up to around $90 billion.
At the high end, that would make Anthropic's public offering the largest of all time, outstripping the $75 billion initially raised by SpaceX's record-breaking IPO in June. Elon Musk's rocket company ultimately sold more than $85 billion worth of shares.
A raise at that scale could give Anthropic, which is reportedly targeting its IPO for mid-November, an implied valuation of up to about $1 trillion. Anthropic said in the filing it would reveal the date of the proposed share offering "as soon as practicable."
The Claude maker was valued at $965 billion following its $65 billion funding round announced in May. Business Insider reported in July that Anthropic had soared to a $1.2 trillion valuation on the secondary market amid surging demand for shares.
It marks a dizzying rise for the red-hot AI startup, which was founded in 2021 by CEO Dario Amodei and other former members of OpenAI.
In Anthropic's S-1 filing, which was released last month, the company disclosed a total net loss of about $42 billion in 2025 against revenue of $4.6 billion.
In an amended filing submitted earlier this month, Anthropic said it generated nearly $17 billion in revenue in the third quarter, and a $567 million operating loss.
Business Insider has Games! Want more Business Insider in your news feed? Add BI in Google so our reporting is easier to find when you’re searching for what matters. Add to Preferred Sources
The AI firm also disclosed $895 billion in committed spending on compute and infrastructure — nearly half of it expected by the end of 2030.
This is a developing story. Check back later for updates.Author: Tom Carter. Source
