Jared Kaplan stories

Nov 9, 2026

Anthropic targets $1.4 trillion valuation in blockbuster IPO

Anthropic set an IPO price range of $70–$78 per share for 825 million Class A shares, targeting a fully diluted valuation of up to $1.4 trillion and raising up to $64.4 billion publicly plus $26 billion via private placement. The offering, expected to begin trading November 19, would be the largest-ever equity offering and the first by a frontier AI lab.

Nov 9, 20268 sources

Top claims

▪Anthropic intends to allocate approximately 20% of its IPO shares to retail investors, a higher proportion than the standard 5% to 10% allocation in major listings
▪Anthropic's $1.4 trillion fully diluted IPO target represents a lower valuation than the $2 trillion maximum previously discussed by investors, reflecting cooling sentiment and high AI spending requirements
▪Following the stock offering, Anthropic's seven co-founders will each retain roughly 3.2% of Class A common stock, valuing each founder's remaining equity at approximately $18 billion at the price range midpoint

Topics

AI bubble Anthropic IPO OpenAI October 2026 AI stock sell-off Corporate governance Microsoft TSMC Democratic Party AI existential risk AI investment AI Safety Alphabet

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