Anthropic heads to IPO: shares expected at $70-78

Anthropic, one of the prominent names in artificial intelligence, is formally kicking off its IPO process. According to the information shared by the company, a roadshow begins on November 10, with the final share price expected to be set on November 18. The shares are expected to begin trading on Nasdaq under the ticker "ANT" on November 19.

Anthropic describes itself as a public benefit corporation dedicated to securing the benefits of AI and mitigating its risks. According to the company, AI, if managed well, could accelerate scientific innovation, boost economic growth and help solve problems that have resisted generations of effort. This positioning sits at the center of the IPO narrative.

According to the report, the estimated price range for the U.S. offering is $70 to $78 per share. The $120 maximum price shown in the European prospectus is not the amount investors will actually pay. The article says it was set as a ceiling so that European and Swiss retail investors can take part in the global offering even if the final U.S. price ends up above the estimate. The final price in the European and Swiss retail offerings will be equal to the final U.S. offering price, it notes.

The process involves a few practical steps for those who want to take part. Investors can request shares through participating brokerage platforms, with eligibility and allocation confirmed on the first day of trading. That said, there is no guarantee that an investor will receive all or any of the shares they apply for. The company advises investors to review the prospectus closely before deciding.