Anthropic sets IPO price range at $70-$78 per share
Separately, the company has entered into agreements with seven technology companies for the purchase of $26 billion worth of Class N common stock through a private placement.
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Anthropic has set a price range of $70-$78 per share for its initial public offering (IPO), according to its amended registration statement filed with the US Securities and Exchange Commission (SEC) on November 10.
The Claude maker plans to offer 825 million shares of Class A common stock. Of these, Anthropic will sell 801.35 million shares, while existing shareholders will offer the remaining 23.65 million shares.
Anthropic has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol ANT.
Separately, the company has entered into agreements with seven technology companies for the purchase of $26 billion worth of Class N common stock through a private placement. The investors include Advanced Micro Devices (AMD), Broadcom, Google, Micron Technology, Microsoft, Nvidia and TSMC Partners.
The shares will be offered at a price per share equal to the IPO price. The private placement is contingent on the completion of the public offering and is scheduled to close immediately afterwards, subject to certain conditions.
Anthropic said its Class A shares will carry voting rights, while Class N shares will not have voting rights, except where required by law.
Last month, Anthropic had officially filed for the IPO after earlier in June it had confidentially submitted its draft registration statement to the SEC for the IPO.
Founded in 2021 by former OpenAI employees, Anthropic develops AI models and products, including its Claude chatbot and Claude Code, an AI coding assistant.
The proposed listing also puts Anthropic ahead of its rival, OpenAI, in the race to tap public markets. The two AI companies have been competing for customers, capital and a stronger foothold in the rapidly expanding generative AI market.
The rivalry has also extended to fundraising. OpenAI accelerated its fundraising plans ahead of Anthropic's expected IPO, seeking to raise around $30 billion at a potential valuation exceeding $1.4 trillion, Reuters reported in October.
OpenAI also confidentially submitted a draft S-1 registration statement to the SEC in June 2026. The company has not announced a timeline for its IPO.