The roadshow question hanging over last week's coverage is settled: Anthropic launched it on Tuesday, November 10. Reuters reports the company and selling shareholders aim to raise up to $64.4 billion by selling 825 million shares priced between $70 and $78, listing on Nasdaq under the ticker ANT, plus a separate $26 billion private placement to cornerstone investors including Alphabet's Google, Nvidia and AMD. Goldman Sachs and Morgan Stanley lead the underwriting.

The valuation depends on how you count. On a non-diluted basis the top of the range values Anthropic at about $1.0 trillion; fully diluted, including options and restricted stock, Reuters and CNBC put it at up to about $1.4 trillion. Either way it is below the roughly $2 trillion Anthropic was reported to have targeted earlier, and close to its $965 billion May private round — investors pushed back after the AI sell-off, as the Wire covered on November 6.

The amended filing puts Anthropic's annualized revenue run rate at roughly $81 billion as of October 31, up about $10 billion in a month. CNBC, citing people familiar with the plans, expects pricing on November 18 and first trading on November 19; those dates are reported, not confirmed in the filing, and the SEC registration statement is not yet effective, so no shares can be sold yet.