Anthropic launches roadshow for proposed initial public offering

Odaily — Anthropic announced on X that the company has launched the roadshow for its proposed initial public offering. A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (SEC) but has not yet become effective; prior to the effectiveness of the registration statement, these securities may not be sold, nor may offers to buy be accepted.

According to SEC filings, Anthropic submitted a second amendment to its S-1 filing, disclosing an IPO price range of $70 to $78 per share, with 825 million Class A ordinary shares proposed to be offered, of which the company is selling approximately 801 million shares and selling shareholders are selling approximately 23.65 million shares, with underwriters having an additional 123.75 million shares over-allotment option. Anthropic has applied to list on the Nasdaq Global Select Market under the ticker symbol ANT, with Goldman Sachs and Morgan Stanley as lead underwriters. In addition, Google, Nvidia, AMD, Broadcom, Micron, Microsoft and TSMC will subscribe to a total of $26 billion of Class N ordinary shares at the IPO offering price through concurrent private placements, with Google and Nvidia each subscribing approximately $10 billion and AMD approximately $2.5 billion. Based on the midpoint of the range at $74 per share, the IPO and concurrent private placements are expected to raise approximately $84.6 billion in net proceeds. Certain directors and their affiliated entities intend to purchase up to $303 million of shares in the IPO.

Meanwhile, the filing shows that Anthropic's revenue in the third quarter of 2026 was $17 billion, up 1,127% year-over-year. As of September 30, the company had more than 1,900 customers contributing over $1 million in revenue over the past 12 months, with a net revenue retention rate of approximately 900%; cash and cash equivalents stood at $95.6 billion, with short-term investments of $36.3 billion.