Anthropic sets $70 to $78 price range for upcoming IPO as AI firm marches toward Nasdaq
Potential record-setting offering
The filing says Broadcom, Google and Nvidia are among investors who agreed to purchase $26 billion in shares at the IPO price. With those purchases, Anthropic could raise around $90 billion in total.
At the high end, that amount would exceed the $75 billion initially raised by SpaceX in June. The rocket company ultimately sold more than $85 billion worth of shares.
Valuation estimates vary
Anthropic, the company behind Claude, was valued at $965 billion after announcing a $65 billion funding round in May. Business Insider reported in July that its secondary-market valuation had reached $1.2 trillion amid strong demand for shares.
Losses and infrastructure commitments
Anthropic’s S-1 filing, released last month, reported about $42 billion in net losses for 2025, alongside revenue of $4.6 billion. The company also disclosed $895 billion in committed spending on computing and infrastructure. Nearly half of that spending is expected by the end of 2030.
Key points
- Anthropic’s stated IPO price range is $70 to $78 per share.
- Investors including Broadcom, Google and Nvidia agreed to buy $26 billion in shares.
- The company could raise around $90 billion, potentially exceeding SpaceX’s record offering.
- Anthropic disclosed about $42 billion in 2025 net losses and $895 billion in committed infrastructure spending.