Anthropic's updated SEC filing on November 10 set an IPO price range of $70–$78 per share for 825 million shares, targeting a fully diluted valuation of up to $1.4 trillion and potential proceeds of $64.4 billion, with trading expected to begin November 19 under ticker ANT on Nasdaq. Run-rate revenue reached $81 billion as of October 31, with quarterly sales surging to $17 billion in the most recent period amid explosive AI demand, though the company continues posting substantial operating losses and multi-hundred-billion-dollar infrastructure commitments. A concurrent $26 billion private placement at the IPO price from investors including Google, Nvidia, Microsoft, and AMD underscores institutional backing. The offering has reportedly drawn sixfold demand, positioning it as one of the largest debuts on record ahead of the November 18 pricing.