Demand for Anthropic IPO Exceeds Stock Offering by Six Times

According to Bloomberg, as of November 12, 2026, demand for Anthropic shares during the preparation for the initial public offering (IPO) exceeded the number of shares offered for sale by about six times. The publication cites informed sources. The company, which developed the AI assistant Claude, has not officially disclosed the volume of applications received; it may change before the completion of the offering.

Anthropic aims to raise up to $64.4 billion

According to the updated prospectus dated November 10, investors will be offered 825 million Class A shares at $70–78 each. At the upper end of the range, the total IPO volume will be about $64.4 billion. Of these, 801.35 million shares are being sold by Anthropic itself, and 23.65 million by existing shareholders. The company will not receive proceeds from the sale of the latter package.

Separately, Anthropic plans a private placement of another class of shares worth $26 billion among technology investors, including Google, Nvidia and AMD. This is not included in the public IPO volume and provides for separate completion conditions.

How Claude's developer is valued

According to Reuters, Anthropic's estimated valuation, taking into account full capital dilution, reaches $1.4 trillion. It includes potential shares and rights to receive them. The valuation based on outstanding shares at the upper end of the range is closer to $1 trillion. None of these amounts represent the company's revenue or guaranteed proceeds from the offering.

When ANT shares will start trading

Bloomberg reports that the organizers of the offering intend to prioritize existing investors. Therefore, some new buyers may receive fewer shares than they requested. The sixfold oversubscription reflects preliminary demand but does not guarantee a price increase after going public.

Anthropic has applied for listing on Nasdaq under the ticker ANT. Trading is expected to begin on November 19, 2026, but the final offering price and date may change.