Anthropic sent bankers an IPO filing with a US$70 to US$80 share price range, then told them the pricing was wrong. The reversal put a US$69.3 billion fundraising estimate in doubt as the company behind the Claude AI assistant prepared for a Nasdaq listing. late Monday, Nov. 9, in the United States. In a second email, Anthropic said the pricing was inaccurate and that it would update the filing. It declined to comment to Reuters.
Anthropic filed publicly with the U.S. Securities and Exchange Commission on Oct. 26, almost five months after submitting a draft confidentially. It plans to list Class A shares on the Nasdaq Global Select Market under the ticker ANT. In its October announcement, Anthropic said the share count and price range “have not yet been determined.” The SEC filing left both blank.
The Wall Street Journal reported Monday that Anthropic had lined up investor meetings this week and was aiming to start trading late next week, citing people familiar with the matter. Some major investors were pushing for a lower valuation after last week’s sell-off in AI stocks, the Journal reported.
The prospectus says one goal of the IPO is to “increase our capitalization and financial flexibility.” Anthropic expects to put its share of the proceeds toward expenses that include computing infrastructure and hiring. It also plans to use some of the money to cover tax withholding tied to the settlement of restricted stock units.
Public investors would get one vote per Class A share. A separate Class F share held through a founders’ entity would carry 50.1% of the voting power on matters put to shareholders generally, subject to the voting rules laid out in the prospectus.
Claude Sales Surge as Costs Climb
Anthropic’s revenue rose to US$16.29 billion in the first six months of 2026 from US$1.16 billion a year earlier. The company credited new products and models with driving adoption and usage. Usage-based sales accounted for about US$12.1 billion of the increase, and subscription revenue grew by US$3 billion. SEC filing
Computing and infrastructure expenses nearly quadrupled to US$8.95 billion. Revenue grew faster, bringing those costs down to 55% of sales from 201% a year earlier. Anthropic posted a first-half net loss of US$80.75 billion, including a US$72.39 billion charge from changes in the value of convertible notes and other financial instruments. The company attributed most of that charge to an increase in the value of its outstanding convertible notes. SEC filing
The company reported US$1 billion in operating income for the second quarter as sales grew faster than operating expenses. It warned that results could swing from quarter to quarter as computing capacity and related costs vary. SEC filing
Anthropic Expands in Singapore
Anthropic opened its fifth Asia-Pacific office in Singapore on Oct. 14. It also signed an agreement with Singapore’s Ministry of Digital Development and Information covering AI safety, model testing and adoption. The agreement calls for work on testing standards and incident response.
“Trust is critical for businesses, workers, and the public to use AI with confidence,” said Kai Fong Chng, the ministry’s permanent secretary, in Anthropic’s announcement.
Anthropic’s Singapore announcement says more than 1,500 GovTech Singapore engineers and technical staff have adopted Claude Code to work on government software. DBS uses Claude for software development and other tasks in its Singapore operations, and Grab uses it to power its BriX sales assistant. The company’s own usage index ranked Singapore second among 121 countries in Claude.ai use relative to population.