Anthropic reportedly plans to push ahead with its IPO, according to the Wall Street Journal's paywalled report, which we could not open. We rely on a TechCrunch summary of it. We found no Anthropic comment of our own (it reportedly declined to comment on the emails), so treat every figure here as reported, not confirmed.

What is reported

  • Valuation range: Anthropic reportedly plans to set one this week.
  • Trading: shares would reportedly begin trading the Thursday or Friday of next week.
  • Target: a $1.5 trillion valuation was reportedly discussed last week, well under the roughly $2 trillion reportedly floated months earlier.
  • Investor pushback: some institutional investors are reportedly pushing for a valuation below $1.5 trillion.
  • Backdrop: that summary describes a Nasdaq selloff and the Jensen Huang scandal as the market backdrop.

Update: banker emails and the November 10 filing

Late Monday, Reuters reported that emails showed Anthropic sent bankers a copy of its IPO filing, and that a second email said the pricing details in it were inaccurate. The report did not say which details were wrong, and Anthropic declined to comment.

We are no longer repeating the share count and proceeds figure from that report. The S-1/A filed November 10 shows different numbers: 825 million Class A shares at an estimated $70 to $78, an offering of up to about $64.4 billion. Our story on that filing has the details. We have not reconciled the earlier report with the filing beyond noting they do not match.

How this compares with our earlier story

Our S-1 story of October 26 cited an earlier report of a listing the week of November 16, a raise of about $100 billion and a valuation of $1.5 trillion to $2 trillion. The summary of this week's report does not mention the raise size, so we do not know whether it changed. The November 10 filing figures are covered in the update above and are not reconciled with the earlier raise figure.

Context: what the filings show

Anthropic's S-1/A Amendment No. 2, filed November 10, shows 825 million Class A shares at an estimated $70 to $78. Amendment No. 1, filed November 2, left the price range and share count blank. It lists the proposed trading symbol ANT and says Anthropic has applied to list its Class A common stock on the Nasdaq Global Select Market.

The original S-1 was filed October 26.

Anthropic's last announced funding was a $65 billion Series H at a $965 billion post-money valuation, published May 28, 2026.

See related coverage of the filing: the compute commitments and the self-improvement wording.

What is not known

  • The timeline may slip. The report describes plans, not a fixed date.
  • The S-1/A now shows a price range, but the final price per share and the offering date are not set.
  • It is unknown whether Anthropic agrees with the first report. We found no comment of our own; Anthropic reportedly declined to comment on the emails.

What this means for you

If you use Claude, nothing in the report changes the product. It concerns when and at what valuation the company might list. This is not investment advice, and we draw no conclusion about the offering.

What we checked

We read S-1/A Amendments No. 1 and No. 2 and EDGAR's filing list (as of November 9: the original S-1 and Amendment No. 1; Amendment No. 2 was filed November 10) for the symbol, exchange and blank price range, and Anthropic's own Series H post for the funding figures. We could not read the paywalled original, so the reported details come from the summary and are unverified by us. We read that report through an AOL reprint and have not independently confirmed the emails.