Anthropic’s November 10 pricing range of $70–$78 per share, implying a fully diluted valuation of up to $1.404 trillion at the top end, anchors trader sentiment around the $1.25–1.5T bracket as the leading outcome. The filing details strong revenue momentum, with run-rate revenue reaching $81 billion by October 31 alongside substantial compute commitments, and a $26 billion concurrent private placement from cornerstone investors including Google and Nvidia. Trading is slated to begin on Nasdaq under ticker ANT near November 19. Earlier expectations of a $2 trillion valuation have moderated amid broader AI-sector pullbacks, aligning market-implied odds with the filed terms while leaving room for upside in the adjacent $1.5–1.75T range if demand proves robust.
This market will resolve based on Anthropic's market capitalization at the closing price on its first day of trading. If no IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to "No IPO by December 31, 2027". Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency. It is calculated as the number of shares outstanding multiplied by the closing share price on the first trading day. If the relevant value falls exactly between two brackets, then this market will resolve to the higher range bracket. Resolution will be based on the primary exchange’s official listing page. In the event that the relevant figure is not displayed, another reliable source will be used. In the event of an interruption in the course of the normal trading session on Anthropic’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that as the first day of trading for purposes of this market.