1.5 trillion is the bankers' plan, not a new filing

Moneycontrol published at 08:28 India Standard Time on 11 November 2026, which is 10:58 in Beijing. The article says the Financial Times, citing five people familiar with the matter, reported that Anthropic's bankers are considering a higher IPO price, potentially lifting the valuation to 1.5 trillion dollars or more. The discussions began less than a day after the company disclosed a plan to price the shares between 70 and 78 dollars.

The article still describes 70 to 78 dollars as the announced range, and says that implies a fully diluted valuation of 1.26 trillion to 1.41 trillion dollars. It does not describe a new filing that replaces that range. Goldman Sachs and Morgan Stanley are leading the offering. According to the article's account of the Financial Times, the roadshow began on 10 November, and the banks are expected to pursue a higher price after strong indications of interest.

Under the announced terms, the public sale would raise up to 64 billion dollars, with an option to raise nearly 10 billion dollars more if the underwriters exercise the overallotment. The article says the company has also arranged a 26 billion dollar private placement that includes Google, Nvidia and Microsoft. A higher offer price could push the public sale and that placement together beyond 100 billion dollars.

Three Anthropic backers told the Financial Times that the company is prioritising the amount of capital raised over the highest possible valuation, because of large computing-infrastructure spending ahead. The article says the company has outlined about 900 billion dollars of computing capacity and infrastructure over the coming years, and told prospective investors that annualised revenue reached 81 billion dollars in October, with third-quarter revenue of 17 billion dollars. Earlier ambitions approaching 2 trillion dollars have been scaled back. Those figures are this article's account, not trades that have already happened.

The secondary market gets two figures. A New York brokerage was offering up to 500 million dollars of Anthropic shares for a venture firm at a 4 percent premium to the eventual IPO price. Another venture group was offering 1.25 billion dollars of shares through a special-purpose vehicle at a 1.5 trillion dollar valuation. The company has warned that certain secondary offers made through intermediaries would not be recognised.

The photograph is the one used with this Moneycontrol article. The page titles it as the image from Claude Mythos's first unveiling in April 2026: Claude's mark on screens, not the November roadshow. The frame was slightly taller than 3:2. A center crop removes a thin strip at the top and bottom and leaves the mark in the middle. The Financial Times page itself did not open, so the clock is Moneycontrol's.