Anthropic (ANTH.PVT) will price its initial public offering (IPO) on Wednesday, Nov. 18, the company announced Thursday.
It will begin trading under the ticker symbol “ANT” on Thursday, Nov. 19.
The company, which publicly filed its S-1 investor prospectus late last month, will provide the next major test for the AI trade and could set the standard for rival OpenAI’s own public markets debut, which is anticipated for early next year.
In an amended S-1 filing released Tuesday, Anthropic said it expects to sell 825 million shares priced between $70 and $78. That would give the company a market valuation of between $1.3 trillion and $1.45 trillion.
Read more: Everything you need to know ahead of Anthropic’s IPO
Anthropic was initially projected to hit the market with a valuation as high as $2 trillion, but recent market turmoil in the AI sector has knocked that down significantly.
For the first nine months of the year ending Sept. 30, Anthropic said revenue grew $1,206% to $33.2 billion.
The company’s original S-1, which covered the first six months of the year through June 30, listed revenue of $16.3 billion. Anthropic recorded revenue of $4.6 billion in all of 2025.
Operating losses also improved year over year, coming in at $1.3 billion in the first nine months of the year, down from $5.2 billion in the same period last year.
Anthropic reported an operating loss of $536 million in the September quarter, compared with operating income of $974 million in the June quarter.
The company says the decline is the result of a $5 billion charge for compute under short-term commitments, as well as $2 billion in non-cash charges from its donation matching program.
The AI giant also revealed a staggering aggregate committed spend of $895.4 billion, which it says is primarily related to compute and infrastructure. Some $447.5 billion of that will hit before Dec. 31, 2030, with the remainder coming between 2031 and 2045; $69.8 billion will be due over the next 12 months.
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Source: finance.yahoo.com
