The short answer
● Confirmed — S-1 filed with the SEC, Nasdaq Global Select, ticker ANT
● Q3 revenue — around $17 billion, per the amended filing
● Purchase commitments — $895.4 billion, roughly 53 times that quarter
● Not confirmed — no listing date, no share count, no price range
● Not confirmed — no valuation figure in the filing
Anthropic, PBC filed a registration statement on Form S-1 for a proposed IPO of Class A common stock, intending to list on the Nasdaq Global Select Market under the symbol ANT. The registration statement is not yet effective.
What the filing actually establishes
- The S-1 exists and is public.
- The intended exchange is Nasdaq Global Select and the intended ticker is ANT.
- An amended filing reports roughly $17 billion of revenue for Q3, alongside a net loss for the latest three months.
- Purchase commitments of approximately $895.4 billion, primarily for compute and data-centre infrastructure.
What is being reported but is not in the filing
A lot of coverage carries a valuation. The filing does not. Share count and price range have not been determined, and no official listing date has been announced. Reports mention the week of 16 November; that is unconfirmed.
Any specific valuation you read today is someone’s estimate, not a disclosed number. Two market voices quoted on the filing, Jim Cramer and Mike O’Rourke of JonesTrading, both expect a discount rather than a premium, and neither puts a figure on it.
The number worth sitting with
$895.4 billion in purchase commitments against roughly $17 billion of quarterly revenue is a ratio of about 53 to 1. These are contractual obligations, not cash already spent, and they run over years rather than quarters.
Still, it is the clearest public statement yet of how much compute an AI lab believes it has to buy to stay in the race, and it is the figure an IPO prospectus exists to make you look at.
Frequently asked questions
When is the Anthropic IPO?
No official date. Reports point to the week of 16 November 2026, which is not confirmed, and the registration statement is not yet effective.
What is the ticker?
ANT, on the Nasdaq Global Select Market, as stated in the filing.
What valuation is Anthropic targeting?
The filing does not give one. Share count and price range are undetermined. Any number circulating is an outside estimate.
How much revenue does Anthropic make?
Around $17 billion in Q3 per the amended S-1, with a net loss over the same three months.
What is the $895.4 billion figure?
Purchase commitments, mostly compute and data-centre infrastructure. Contractual obligations over time, not money already spent.
Related reading
Sources: Tech Insider · Time News.
Published 7 November 2026. Figures checked against the reporting linked above on the same day.