Anthropic, PBC filed a free writing prospectus on November 12, 2026, disclosing an EEA retail offering of up to 80,135,135 shares of Class A common stock at a maximum public offering price of $120.00 per share, as part of a broader global initial public offering.

Key Highlights

  • EEA Retail Tranche: Up to 80,135,135 newly issued shares of Class A common stock offered to retail investors across nine covered European Economic Area countries and Switzerland.
  • Maximum Offering Price: The maximum public offering price for the European retail offering is $120.00 per share.
  • U.S. Price Range: An estimated offering price range of $70.00 to $78.00 has been set for the U.S. offering; retail investors placing orders below $70.00 "should not expect to receive an allocation," according to the prospectus.
  • Global Offering Size: The global offering initially comprises 801,351,354 newly issued shares sold by the company, up to 23,648,646 existing shares sold by selling stockholders, and up to 123,750,000 additional shares to cover potential over-allotments.
  • Nasdaq Listing Applied: The company has applied to list its Class A common stock on the Nasdaq Global Select Market under the trading symbol "ANT," with ISIN US03703U1079.
  • BaFin Approval: The EEA prospectus was approved by the German Federal Financial Supervisory Authority (BaFin) under Regulation (EU) 2017/1129, and notified to competent authorities in each of the covered EEA countries.
  • Par Value: The Class A common stock carries a par value of $0.00001 per share.

Anthropic's Global IPO Structure and European Retail Offering Details

According to the filing, Anthropic, PBC, a public benefit corporation incorporated under the laws of the State of Delaware, published its EEA-approved prospectus on November 11, 2026, in connection with a public offering to retail investors in Germany, Denmark, Finland, France, Ireland, the Netherlands, Norway, Spain, and Sweden. The prospectus was also filed with a Swiss prospectus office on November 11, 2026, for automatic acceptance under Article 54(2) of the Swiss Financial Services Act, extending the retail offering to Switzerland. In the covered EEA countries, the filing states, the offering is directed only at investors who do not qualify as qualified investors within the meaning of Article 2 point (e) of the Prospectus Regulation.

The global offering, as described in the prospectus, encompasses offerings in the United States, the covered EEA countries, Switzerland, Australia, certain Canadian provinces and territories, Japan, and the United Kingdom, as well as private placements. The company is selling 801,351,354 newly issued shares of Class A common stock in the global offering, inclusive of the 80,135,135 European retail shares. Selling stockholders are offering up to 23,648,646 existing shares, and the company may issue up to 123,750,000 additional shares to cover over-allotments, the filing disclosed. The final public offering price will be a single price per share applicable to all investors receiving an allocation across the entire global offering.

The filing notes that the preliminary prospectus dated November 10, 2026, was included in Amendment No. 2 to Anthropic's Registration Statement on Form S-1 (File No. 333-299633), filed with the SEC on that date. Goldman Sachs and Co. LLC and Morgan Stanley and Co. LLC are listed as points of contact for obtaining copies of the preliminary prospectus. The filing specifies that BaFin's approval of the prospectus is not to be considered an endorsement of the company or the quality of its shares, and that investors should assess for themselves the suitability of investing in the securities.

What Was Disclosed

Anthropic, PBC filed a free writing prospectus disclosing an EEA and Swiss retail offering of up to 80,135,135 Class A common shares at a maximum price of $120.00, as part of a global IPO initially comprising over 800 million newly issued shares, with a U.S. estimated price range of $70.00 to $78.00.