Update: Anthropic Targeting to Raise Up to $64.40 Billion From IPO

08:26 AM EST, 11/10/2026 (MT Newswires) -- (Updates with the official S1 filing throughout the story.) Anthropic (ANT) said Tuesday it is targeting up to $64.40 billion in proceeds from its initial public offering by selling roughly 801.4 million Class A common shares, while selling stockholders are offering an additional approximately 23.7 million shares that will not generate proceeds for Anthropic. The total market value of the company is expected to be around $1 trillion to $1.4 trillion when accounting for the employee stock options charitable donation matching program and restricted shares, multiple news outlets reported. Anthropic also plans to raise $26 billion through a private placement of Class N common stock at the initial public offering price of $70 and $78 per share, it said. The private placement investors include Nvidia (NVDA), Advanced Micro Devices (AMD), Alphabet's (GOOG, GOOGL) Google, Broadcom (AVGO), Micron Technology (MU), Microsoft (MSFT), and TSMC Partners (TSM), Anthropic said. The company also said it has about $900.9 billion in total committed spend.