Anthropic is seeking up to $88.5 billion in its planned IPO and concurrent private placement, potentially the largest-ever fundraise tied to a public market debut. The AI giant submitted an updated S-1 filing Tuesday, revealing a proposed share price range of $70 to $78 for just over 800 million shares, targeting a fully diluted valuation of up to $1.4 trillion — the second-highest in history after SpaceX's June debut.
The IPO portion could raise $62.5 billion at the high end, the largest ever after SpaceX's $75 billion offering. An additional $26 billion comes from a private placement backed by AMD, Broadcom, Google, Micron Technology, Microsoft, Nvidia, and TSMC. Anthropic expects to debut on Nasdaq under ticker ANT later this month.
Revenue surged to $33.2 billion for the first nine months of 2026, up from $2.5 billion a year earlier, with Q3 alone hitting $17 billion. The company claims the fastest enterprise adoption in history, growing from zero at commercial launch in Q1 2023. However, profitability remains elusive: operating loss narrowed to $1.3 billion from $5.2 billion, but net loss widened dramatically to $104 billion from $25.1 billion.
Source: Crunchbase News · Summarized by HeadlinesBriefing