Anthropic targets $1.4 trillion IPO

What happened

On Tuesday, Anthropic confirmed that its IPO is priced between $70.00 and $78.00 per share, which would put its valuation as high as $1.4 trillion. According to The New York Times, this price range would value the company at up to $1.4 trillion; The Wall Street Journal reports that, per its sources, Anthropic is "aiming for its shares to start trading Thursday or Friday next week." The company has applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol "ANT."

Key details

• Price range: $70.00 to $78.00 per share, corresponding to a valuation as high as $1.4 trillion.
• Listing venue and ticker: Nasdaq Global Select Market, under the symbol "ANT."
• Expected start of trading: Thursday or Friday next week, according to sources cited by The Wall Street Journal.
• Reuters notes the IPO was previously expected to be valued at as much as $2 trillion, so this pricing falls short of prior expectations.
• As of last week, its rival OpenAI was valued at $1.25 trillion.

Why it matters

If priced as expected, Anthropic is expected to become one of the world's most valuable publicly traded companies as soon as next week. The offering is described as possibly "one of the biggest ever," and even with a valuation below the previously expected $2 trillion, it underscores the weight large AI companies now carry in capital markets. The lowered expectations follow months of debate around AI safety and what that means, while midterm election results showed souring public opinion toward AI companies and the data center projects they are heavily investing in. On top of that came this past weekend's revelations about an alleged Chinese spy's involvement with Nvidia CEO Jensen Huang — background that may have shaped market sentiment.

Who it affects

• AI industry professionals: the listing will provide a public valuation benchmark for the sector, directly comparable with OpenAI's $1.25 trillion valuation.
• Investors: Anthropic shares will trade as "ANT" on Nasdaq; retail and institutional investors can watch for the expected start of trading next week.
• Data center and infrastructure stakeholders: the article notes public opinion turning negative toward the data center projects AI companies are heavily investing in, a sentiment shift worth monitoring.

Skip to main content

Anthropic’s public offering is expected to make it one of the world’s most valuable publicly traded companies as soon as next week.

Anthropic’s public offering is expected to make it one of the world’s most valuable publicly traded companies as soon as next week.

by Stevie Bonifield

Nov 10, 2026, 2:06 PM UTC

Image: Cath Virginia / The Verge

Stevie Bonifield

is a news writer covering all things consumer tech. Stevie started out at Laptop Mag writing news and reviews on hardware, gaming, and AI.

Anthropic confirmed on Tuesday that its IPO could be one of the biggest ever, even while falling short of previous expectations. Its IPO price is expected to be between $70.00 and $78.00 per share, which would put its valuation as high as $1.4 trillion, according to the The New York Times. The Wall Street Journal reports that according to its sources, Anthropic is “aiming for its shares to start trading Thursday or Friday next week.”

As Reuters notes, the Anthropic IPO was previously expected to be valued at as much as $2 trillion. As of last week, Anthropic’s rival OpenAI was valued at $1.25 trillion.

Those lower expectations follow months of debate around AI safety, and what that means, while midterm election results showed souring public opinion toward AI companies and data center projects they’re heavily investing in. And that doesn’t even include this past weekend’s revelations about an alleged Chinese spy’s involvement with Nvidia CEO Jensen Huang.

According to Anthropic:

The initial public offering price is expected to be between $70.00 and $78.00 per share. Anthropic has applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol “ANT.”

Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.

• Stevie Bonifield

The original belongs to The Verge · AI and its authors and is reproduced here for reading. To have it removed, write to support@aisa.one.