Anthropic kicks off IPO roadshow, offering shares at $70 to $78 and targeting a trillion-dollar valuation

Anthropic is pitching investors on an IPO of 825 million Class A shares priced at $70 to $78, targeting a valuation of up to $1.02 trillion, with the offering plus a $26 billion private placement potentially raising up to $90.4 billion. The company reported Q3 revenue of $16.96 billion, up 47 percent quarter over quarter, alongside a commitment to nearly $900 billion in compute capacity with partners including Amazon and Google. The stock will trade on Nasdaq under the ticker "ANT," with Goldman Sachs and Morgan Stanley leading the underwriting syndicate.