Anthropic launches IPO roadshow

Background

An initial public offering (IPO) is a company's first sale of shares to the public, after which the shares can trade on a stock exchange. Before pricing, companies hold a roadshow, a series of presentations to potential investors. Anthropic filed its S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for the proposed IPO on 26 October 2026 ^[2].

What happened

Anthropic, PBC launched the roadshow for its proposed IPO on 10 November 2026 ^[1]. The proposed offering consists of 825,000,000 shares of Class A common stock ^[1]. Anthropic is offering 801,351,354 of these shares, and certain existing stockholders are offering 23,648,646 ^[1]. The expected IPO price is between $70.00 and $78.00 per share ^[1].

Key details

Anthropic has applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol ANT ^[1]. The company said it will not receive any proceeds from the sale of shares by the selling stockholders ^[1]. It expects to give underwriters, the banks that help sell the shares, a 30-day option to buy up to 123,750,000 more Class A shares ^[1]. Preliminary prospectus copies are available from Goldman Sachs & Co. LLC or Morgan Stanley & Co. LLC ^[1].

Status

The registration statement has been filed with the SEC but has not yet become effective, so shares cannot yet be sold ^[1].