Anthropic sets IPO price range of $70 to $78, looks to start trading Nov. 19, sources say

Anthropic has set a price range of $70 to $78 per share for its planned IPO and is aiming to begin trading on Nasdaq on 19 November under the ticker ANT. The offering would test investor appetite for a major AI company as concerns about interest rates, infrastructure spending and political resistance to AI expansion weigh on the sector.

The company also agreed to a $26 billion private placement with seven technology and semiconductor firms, priced at the IPO share price. Its filing reported $33.24 billion in revenue for the nine months to 30 September, up about 1,200% year on year, and a $104 billion net loss, largely attributed to changes in the value of financial liabilities; its October revenue run rate was about $81 billion. The IPO book was already covered within the proposed price range, while a valuation of $1.5 trillion was described by one investor as uncertain.