Anthropic opens IPO roadshow at $70–$78 a share, targeting up to $1.02 trillion valuation

Anthropic kicks off IPO roadshow, offering shares at $70 to $78 and targeting a trillion-dollar valuation

Anthropic began its IPO roadshow, offering 825 million Class A shares at $70 to $78 each for a valuation of up to $1.02 trillion. The public offering aims to raise up to $64.4 billion; with a $26 billion private placement, total placement reaches up to $90.4 billion. The stock will trade on Nasdaq under the ticker ANT.

Why it matters: Anthropic enters its roadshow having already committed nearly $900 billion to compute, with some future infrastructure resting on financing outside its control.