Anthropic sets a price range for the shares it wants to sell

Notes

1. 1.Anthropic, PBC, Amendment No. 2 to Form S-1

   Legal instrument

   Amendment No. 2 to Form S-1

   The November 10, 2026 amendment to Anthropic, PBC's registration statement. It lists 825,000,000 Class A shares at an estimated price of $70.00 to $78.00. The cover says those shares may not be sold until the registration statement is effective, and that the Commission has not approved or disapproved them.

   Amendment No. 2, filed November 10, 2026

   Close
   , filed with the Securities and Exchange Commission on November 10, 2026, Registration No. 333-299633, accession 0001628280-26-072484. https://www.sec.gov/Archives/edgar/data/2130357/000162828026072484/anthropicpbc-sx1ax2.htm The cover: "Subject to Completion. Dated November 10, 2026." "825,000,000 Shares" of Class A common stock. "We are selling 801,351,354 shares of Class A common stock and the selling stockholders identified in this prospectus are selling an additional 23,648,646 shares of Class A common stock. We will not receive any proceeds from the sale of shares of our Class A common stock by any of the selling stockholders." "It is currently estimated that the initial public offering price per share will be between $70.00 and $78.00." "The information in this preliminary prospectus is not complete and may be changed. These securities may not be sold until the registration statement filed with the Securities and Exchange Commission is effective. This preliminary prospectus is not an offer to sell nor does it seek an offer to buy these securities." "Neither the Securities and Exchange Commission nor any other regulatory body has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus. Any representation to the contrary is a criminal offense." The underwriters "have the option to purchase up to an additional 123,750,000 shares" from the company. "The underwriters expect to deliver the shares against payment in New York, New York, on or about" a date that is blank. The cover names Goldman Sachs & Co. LLC, Morgan Stanley, J.P. Morgan, Citigroup, Barclays, Wells Fargo Securities, and BofA Securities on the underwriting line, and names further firms. This site's October 26 story: https://thefile.news/story/anthropic-s1-filing-oct26 Retrieved 6:15 a.m. ET, Nov. 11.
2. 2.Same amendment. The company has entered into an agreement with each of Advanced Micro Devices, Inc., Broadcom Inc., Google LLC ("funding a portion of its previously committed investment obligations"), Micron Technology, Inc., Microsoft Corporation, NVIDIA Corporation, and TSMC Partners, Ltd., "to purchase an aggregate of $26.0 billion of our Class N common stock in a private placement at a price per share equal to the initial public offering price." "The private placement is contingent upon, and is scheduled to close immediately subsequent to, the completion of this offering." "Although our Class N common stock is not entitled to vote, it is entitled to economic rights equivalent to those of our Class A common stock." "Certain members of our board of directors and entities affiliated or associated with them have indicated an interest in purchasing shares of our Class A common stock in this offering at the initial public offering price at an aggregate purchase price of up to $303 million." "These indications of interest are not binding agreements or commitments to purchase." Use of proceeds: net proceeds "will be approximately $84.6 billion (or approximately $93.7 billion if the underwriters option to purchase additional shares of our Class A common stock is exercised in full), based upon the assumed initial public offering price of $74.00 per share, which is the midpoint of the estimated offering price range," after deducting estimated underwriting discounts and commissions, which apply only to the Class A shares sold in the offering and not to the Class N shares in the private placement, and estimated offering expenses. The company will not receive proceeds from the selling stockholders' Class A shares.
3. 3.Same amendment. Public benefit corporation. The stated public benefit in the charter is "the responsible development and maintenance of advanced AI for the long-term benefit of humanity." The Long-Term Benefit Trust, "through a special class of common stock, Class T common stock," "generally has the authority to elect and remove the Class T directors, who together will constitute a majority of the authorized members of our board of directors." Class T stock "has no economic rights." A single Class F share goes to "a limited liability company organized by our co-founders (the Founder LLC)." "Dario Amodei, our Chief Executive Officer and a member of our board of directors, and Daniela Amodei, our President and Chairperson of our board of directors, together with our five other co-founders, will initially be the sole members of the Founder LLC." The Class F share "will be entitled to an aggregate number of votes that equals 50.1% of the total voting power" on matters submitted to stockholders generally, "including the election of our directors other than the Class T directors," and "will not have any economic rights." "We are considered a controlled company" under the listing market's governance requirements. The filing names that market. This story does not print a trading symbol.