Anthropic Launches Roadshow for Planned $64 Billion Stock Listing

Anthropic, the artificial intelligence company behind the Claude chatbot, launched the roadshow for a planned stock market listing on 10 November 2026. The company plans to raise up to $64 billion (£48 billion) by selling shares on New York's Nasdaq stock exchange, according to BBC News. A roadshow is a series of presentations to potential investors ahead of a share sale.

The sale is called an initial public offering, or IPO, which is the first time a company offers its shares to the public. Anthropic will offer its shares at between $70 and $78 each, the BBC reports. The BBC also reports that IPO pricing would value the company at between $1.1 trillion and $1.3 trillion. Some analysts had earlier predicted a valuation of $2 trillion.

Anthropic filed a registration statement on Form S-1 with the US Securities and Exchange Commission on 26 October 2026. The SEC is the federal agency that oversees US financial markets, and the S-1 is the document companies file to propose a share sale. The filing covers Class A common stock, one category of shares in the company. Anthropic has announced both the filing and the launch of the roadshow.

The company is loss-making, meaning its spending has exceeded its earnings, the BBC notes. Its listing comes shortly after the US midterm elections, which took place last week. The Nasdaq fell sharply after the vote, on concerns that a Democrat-led Congress could slow the development of AI and the building of data centres, the large facilities that house the computer servers used to run AI systems.

The offering is expected to go ahead this month.