Anthropic's $1 Trillion IPO: What It Means for Investors

Anthropic has set its initial public offering (IPO) price range between $70 and $78 per share, targeting a valuation of up to $1.4 trillion on a fully diluted basis, with the listing scheduled for November 19 on the Nasdaq under the ticker "ANT." The AI company plans to sell 825 million Class A shares, potentially raising about $64.4 billion at the top of the range. Approximately 20% of the offering is reserved for retail investors, and strategic partners including Google, Nvidia, and Microsoft have committed to purchasing $26 billion in shares. Despite revenue surging 1,300% to $16.3 billion in the first half of 2026, Anthropic reported a net loss of $80.7 billion, though mostly from non-cash accounting charges. The IPO comes amid a market correction in AI stocks, with the targeted valuation below the $2 trillion figure previously reported.