Anthropic sets share price range ahead of Nasdaq debut, with valuation of up to $1.4tn

Anthropic, the company behind the Claude chatbot, has released details of its public offering. An updated filing published on Tuesday 10 November 2026 shows the company will offer 825 million shares in a price range of $70 to $78 each.

How much the company could raise

At the top of the range, Anthropic would raise up to $64.35bn from the offering. That would make it one of the largest stock market debuts in history. Trading on the Nasdaq exchange is due to start on 19 November 2026.

Valuation

Polish media, citing the company's filings, report that on a fully diluted basis the company could be valued at about $1.4tn (precisely $1.405tn). In May 2026, during a funding round, the company was valued at $965bn. BBC News puts the valuation at $1.3tn in its headline. The gap may reflect a different way of counting shares, but the sources available to us do not explain it.

Retail and institutional investors

Anthropic plans to set aside about 20% of the shares for retail investors. In public offerings this is usually 5% to 10%.

According to CNBC, as relayed by Polish media, demand from institutional investors is currently stronger than it was for SpaceX at the same stage of the process. The order book was reportedly already covering the whole offering in the $70–78 range.

Companies that have committed to buy shares in a private placement include Google, Microsoft, Nvidia, Broadcom, Micron, AMD and TSMC. These purchases total $26bn.

What this means for you

The offering is listed in the US, and the sources do not describe its impact on the UK market. People who want to buy shares should check whether their UK broker offers access to the Nasdaq and what fees it charges. Share prices can swing sharply after a debut, and the final offer price may differ from the stated range.