Funding
Anthropic IPO Roadshow and Funding Details
Anthropic, the company behind Claude, has initiated its IPO roadshow with an expected valuation of up to $1.4 trillion. The IPO will list on Nasdaq with the ticker ANT. Anthropic will sell 801,351,354 shares, and selling stockholders will offer 23,648,646 shares. The underwriters have a 30-day option to purchase an additional 123,750,000 shares. The company has a separate $26 billion private placement with major investors including Google, Nvidia, AMD, Broadcom, Microsoft, and TSMC. The founders' Class F stock carries 50.1% of the general voting power, and the Long-Term Benefit Trust elects and removes a board majority, meaning public holders have no control over the company. The net loss for the first nine months of 2026 is $104 billion, primarily due to financing fair-value charges.