Anthropic targets $1.4 trillion IPO with $70.00–$78.00 per-share pricing

What happened

Anthropic confirmed on Tuesday the price range for its IPO: $70.00 to $78.00 per share. According to The New York Times, that pricing would put the company's valuation as high as $1.4 trillion. The Wall Street Journal reported, citing sources, that 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." The Verge reported that the public offering is expected to make Anthropic one of the world's most valuable publicly traded companies as soon as next week.

Key details

• Pricing range: $70.00–$78.00 per share, corresponding to a valuation of up to $1.4 trillion.
• Listing venue and ticker: Nasdaq Global Select Market, under the symbol "ANT."
• Below prior expectations: According to Reuters, the IPO had previously been expected to be valued at as much as $2 trillion; the current pricing falls short of that.
• Competitor comparison: As of last week, Anthropic's rival OpenAI was valued at $1.25 trillion.

Why it matters

If the offering proceeds as planned, the $1.4 trillion valuation would make Anthropic one of the most valuable publicly traded companies in the world, exceeding OpenAI's current $1.25 trillion valuation.

However, the drop in expectations from $2 trillion to $1.4 trillion reflects shifting sentiment. According to the report, the 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 the data center projects they are heavily investing in. In addition, this past weekend brought revelations about an alleged Chinese spy's involvement with Nvidia CEO Jensen Huang, which the report notes adds to the picture.

Who it affects

• Investors looking to buy in at listing or trade the stock: the price range and expected trading window are now set.
• AI industry professionals: Anthropic's IPO valuation will serve as a major industry benchmark, especially in comparison with OpenAI's valuation.
• Stakeholders in data center construction: the shift in public opinion toward AI companies' data center investments may affect the environment for future projects.

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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.”

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• 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.