TLDRAnthropic plans to sell 825 million shares at $70 to $78 each.Investors expected a $1.5 trillion value a week ago, but the range now points to about $1.3 trillion.Nvidia, Microsoft, Google and others will buy $26 billion of shares privately.Seven founders and executives plan to sell about $250 million of stock each.Nasdaq trading under ANT is expected on Nov. 19 or Nov. 20.Anthropic has told investors what it wants for its shares. In a filing on Tuesday, the company said it plans to sell 825 million shares at $70 to $78 each.Anthropic IPO, what to know—• Ticker: $ANT • Shares: 825 million• Retail allocation: 20%• Price Range: $70 – $78 per share• Base offering: $64.35 billion• Valuation (fully diluted): $1.26-$1.41 trillion• Private investment: $26 billion (AMD, Broadcom, Google,… pic.twitter.com/PdjiNUwk3q— Morning Brew (@MorningBrew) November 10, 2026At the top of that range, the sale would raise up to $64.35 billion. At the midpoint, proceeds would top $61 billion.The range points to a value of about $1.3 trillion. The Wall Street Journal put it at $1.26 trillion to $1.41 trillion, while Yahoo Finance reported $1.3 trillion to $1.45 trillion on a fully diluted basis.Dario Amodei started Anthropic in 2021 with a group of former OpenAI researchers. The company is now a frontier AI lab and a competitor to OpenAI.Shares are expected to trade on the Nasdaq under the ticker ANT on Nov. 19 or Nov. 20. Anthropic is meeting with prospective investors this week.Why the Price Came DownAnthropic announced a $965 billion valuation in a May funding round. Wall Street estimates later reached as high as $2 trillion in early October.A week ago, investors still expected a target near $1.5 trillion. Then AI stocks sold off sharply last Thursday.Investors were weighing a Democratic win in Congress against the impact on the AI data center build-out. After the drop, major investors pushed for a lower price.Bloomberg reported that prospective buyers discussed $1.2 trillion to $1.3 trillion. Some considered a figure as low as $1.1 trillion.Goldman Sachs and Morgan Stanley have been advising executives on the range. A price set too high could hurt demand, while one set too low could leave money on the table.OpenAI recently raised less than half of what it aimed for in its latest funding round. It was valued at $1.25 trillion, below its target.Who Is Buying and SellingAnthropic will also raise $26 billion in a private deal. Buyers include Nvidia, Microsoft, Google, TSMC, Broadcom, AMD and Micron, and they will buy nonvoting Class N shares at the same price as public investors.Those buyers will not face the usual six-month lockup. A lockup normally limits insiders from selling soon after a debut.Some executives and founders plan to sell about 23.6 million shares. CEO Dario Amodei, President Daniela Amodei and five other co-founders each plan to sell about $250 million of stock, and each would keep a stake worth around $18 billion.With the private sale included, Anthropic and selling holders could raise more than $80 billion. SpaceX raised $75 billion by the same measure, according to the Journal, and it was valued at about $1.77 trillion at its June debut.Anthropic said revenue grew 1,206% to $33.2 billion in the first nine months of the year. Its committed spend totals $895.4 billion, mostly for computing and infrastructure.The company said its run rate was about $81 billion at the end of October. Run rate is a way to estimate yearly revenue.The post Anthropic Sets Nasdaq Listing Window for Nov. 19 or 20 Under Ticker ANT appeared first on Blockonomi.