Anthropic PBC today kicked off the roadshow for its upcoming initial public offering.

An IPO roadshow is a series of promotional events aimed at persuading institutional investors to buy shares. Anthropic plans to sell 825 million units of common stock for $70 to $78 per share, which works out to $64.35 billion at the top end of the range. About 23 million of the shares will be offered by the company’s seven co-founders, who are each set to make $250 million.

The funding haul could increase significantly if the banks underwriting the IPO exercise their over-allotment option. Anthropic will enable them to buy nearly 124 million shares within 30 days of the IPO. At the top end of the company’s target pricing, that stock would be worth $965 million.

Anthropic logged $17 billion in revenue and a $536 million operating loss last quarter. Its pitch to roadshow participants will likely emphasize its rapid growth. According to the company’s IPO filing, it generated about seven times more revenue during the first nine months of the year than in all of 2025.

Anthropic’s strategy for maintaining its sales growth doesn’t rely solely on new model releases. It’s also building out a portfolio of tools that make its models easier to use. The three newest additions to the lineup made their debut today alongside the launch of the IPO roadshow.

The first offering, Claude Meetings, is an artificial intelligence assistant designed for video conferences. Workers can use it to retrieve information from business applications and generate project plans. They can then use Claude Whiteboard, the second tool that Anthropic debuted today, to brainstorm the AI-generated content and make revisions.

The company’s third new product is also designed for productivity tasks. Claude Sheets is a spreadsheet editor with a natural language interface. It can be used together with Claude Data, an existing Anthropic offering previously known as Claude Dashboards that moved into general availability today. It can automatically turn Claude-generated spreadsheets and other files into dashboards.

Goldman Sachs, one of the IPO’s lead underwriters, reportedly estimates that Anthropic will end the year with about $52 billion in revenue. According to the Financial Times, the bank expects that number to grow more than tenfold by 2030.

Goldman Sachs reportedly believes Anthropic will achieve positive free cash flow in the same time frame. Free cash flow is a profitability metric that measures a company’s revenue minus operating expenses.

In conjunction with Anthropic’s IPO, seven of its top suppliers will buy $26 billion worth of shares through a private placement. The group includes Nvidia Corp., Advanced Micro Devices Inc., Broadcom Inc., Google LLC, Micron Technology Inc., Microsoft Corp. and Taiwan Semiconductor Manufacturing Co. Reuters reported that TSMC also plans to invest $500 million in OpenAI Group PBC’s IPO.

Anthropic is expected to price its shares on Nov. 18. The company will list on the Nasdaq under the ticker symbol “ANT.”

Image: Anthropic