Anthropic sets IPO price range at $70 to $78 a share, implying valuation up to $1.404 trillion

Anthropic sets IPO price range of $70 to $78 per share to reach an implied valuation of $1.404 trillion

Anthropic plans to sell 825 million Class A shares at $70 to $78 each in an updated IPO filing. At the top of the range, the fully diluted valuation reaches $1.404 trillion.

Why it matters: The filing shows the founders and a long-term interest trust keep control after the IPO, so public buyers get little say in governance.