Strong institutional demand and AI sector enthusiasm are driving the 90% market-implied odds that Anthropic shares will open above the $70–$78 IPO price range. The company filed updated terms on November 10 showing explosive revenue growth to an $81 billion run rate, alongside a $26 billion private placement from Google, Nvidia, and other chip and cloud partners at the IPO price. Roadshow feedback has prompted underwriters to consider pricing above the top of the range, with the offering set to price around November 18 and begin trading on Nasdaq under ticker ANT on November 19. While recent AI stock volatility adds some uncertainty, the combination of heavy oversubscription signals and limited supply typically produces first-day pops in high-profile tech debuts.