Anthropic IPO
AI will have a vast impact on the world. Anthropic is a public benefit corporation dedicated to securing its benefits and mitigating its risks.
“We believe that AI is one of the most consequential technologies in human history. If managed well, it could rapidly accelerate scientific innovation, greatly increase economic growth rates, bring cures for major diseases within reach, and solve problems that have resisted generations of human effort.”
(due to an increase in our valuation, net loss includes a $21.9 billion non-cash charge related to a change in the fair value of convertible notes, derivative liabilities, and SAFEs)
1As of September 30, 2026.
2Measured as revenue divided by compute and infrastructure expenses in Q3’26 divided by the same ratio in Q1’25.
3See the section in our prospectus titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Non-GAAP Financial Measures” for a reconciliation of Adjusted Operating Margin to Operating Margin.
Scaling an agentic operating system for lawyers
Bringing the most powerful tools in science to every team
Turning every employee into a builder
Re-engineering how a global enterprise builds itself
Making shopping faster, easier, and more personal
The IPO process begins with a roadshow starting on November 10th (EST). Subject to regulatory clearance, the final IPO share price is expected to be set on November 18th (EST), and shares are expected to begin publicly trading on November 19th (EST).
Anthropic is offering shares of its Class A common stock to the public, which will trade on Nasdaq under the ticker symbol “ANT”.
You can request shares through a participating brokerage platform. To participate, you must have an active account and submit an indication of interest through their platform.
Your brokerage account or investing app will confirm whether you’re eligible when you submit your request to participate.
The final IPO price is expected to be determined on November 18th (EST), based on regulatory clearance, investor demand and market conditions.
Your brokerage account or investing app will confirm your allocation on the first day of trading, which is expected to be November 19th (EST).
Shares bought in the IPO will be purchased at the offering price, which is expected to be set on November 18th (EST). Shares bought after Anthropic starts trading will be purchased at the prevailing market price at that time.
There is no guarantee that any investor will receive all or any of the shares they apply for in the Anthropic IPO. However, you should be ready to purchase all the shares for which you apply.
A prospectus is a regulatory filing that provides detailed information about Anthropic’s business, financial statements, risk factors, management team, use of proceeds, offering details, among other items. Investors should review the prospectus closely before investing.