Anthropic

Anthropic (Ticker: ANT US) is an AI software company that provides Claude AI models, a platform and applications to customers. Its Claude Platform lets developers and businesses assemble components into their own solutions. Products include Claude Code, Claude Cowork and tools for key industries. Customers pay through usage-based charges, subscriptions or both, depending on the products they use. Anthropic was founded in 2021 by a team of researchers.

Anthropic expects to begin trading on Nasdaq on November 19, 2026. Its base IPO comprises 825,000,000 shares at an indicative price of $70.00–$78.00 per share, including 801,351,354 newly issued shares and 23,648,646 shares sold by existing shareholders. At the indicative midpoint, the base offering would represent approximately $61.05 billion in gross proceeds. Estimated IPO market capitalization is $968.41 billion.

A separate $26.00 billion Class N private placement is planned immediately after the IPO and is excluded from the public offering size. The IPO and private placement are intended to fund general corporate purposes, including compute and infrastructure, working capital and hiring. For the nine months ended September 30, 2026, Anthropic reported revenue of $33.20 billion and an operating loss of $1.30 billion; for the same period in 2025, revenue was $2.50 billion and the operating loss was $5.20 billion.

Underwriters include Goldman Sachs, Morgan Stanley and J.P. Morgan.