To The Moon

One of the biggest AI IPOs in history is almost here. But will Anthropic live up to the hype? The company behind Claude is preparing to list on Nasdaq under the ticker ANT, with trading expected to begin around November 19. Its proposed IPO price range is $70–$78 per share, with a public offering worth up to $64.4 billion. $Anthropic(ANT)$

Add a separate $26 billion private placement backed by major technology companies, and the combined offering could reach $90.4 billion. Depending on the valuation method, Anthropic could be valued at as much as $1.4 trillion.

Wall Street's Biggest Names Are Getting Involved

Anthropic has assembled a heavyweight team for its IPO. Goldman Sachs and Morgan Stanley are leading a 22-bank underwriting syndicate, which also includes JPMorgan, Citigroup, Bank of America, Barclays and Wells Fargo.

Meanwhile, seven technology giants are set to invest a combined $26 billion through a separate private placement.Google and Nvidia lead the group with $10 billion each, followed by AMD ($2.5 billion), Broadcom ($1 billion), Micron ($1 billion), Microsoft ($1 billion) and TSMC Partners ($500 million). $Advanced Micro Devices(AMD)$ $Alphabet(GOOG)$ $Microsoft(MSFT)$ $Micron Technology(MU)$ $Broadcom(AVGO)$ $Taiwan Semiconductor Manufacturing(TSM)$ $NVIDIA(NVDA)$

But here's what makes these investments particularly interesting. Many of these companies aren't just investors. They're also supplying Anthropic with the chips, cloud infrastructure and computing power it needs to develop and run Claude.

That creates an interesting dynamic: Big Tech is investing billions in Anthropic, while Anthropic is spending billions on Big Tech's infrastructure.

Revenue Is Surging, but So Are the Costs

There's no denying Anthropic's remarkable growth.Revenue jumped to $33.2 billion in the first nine months of 2026, compared with just $2.5 billion a year earlier.

Third-quarter revenue reached nearly $17 billion, driven by growing demand for Claude across coding, enterprise software and AI automation.But the pace of growth is already slowing. Quarterly revenue growth eased to approximately 47% in Q3, down from 144% in Q2.

And building cutting-edge AI models doesn't come cheap. Anthropic has disclosed approximately $900.9 billion in future contractual commitments, largely related to computing and infrastructure, spread across multiple years.Although its business is expanding rapidly, the company reported a GAAP operating loss of around $567 million in Q3.

For investors, the question is no longer just how fast Anthropic can grow. It's whether that growth can eventually justify its enormous valuation and spending commitments.

Can Anthropic Deliver a Blockbuster Debut?

The timing of this IPO makes things even more interesting. AI stocks have faced renewed selling pressure as investors question whether massive spending on data centers and computing infrastructure will deliver the returns companies are promising.

Bulls believe Anthropic could become one of the biggest winners in enterprise AI. Claude's rapid adoption, strong revenue growth and backing from major technology companies all support that argument.

Bears see a different picture. At a valuation potentially exceeding $1 trillion, Anthropic may already be priced for years of exceptional growth, leaving little room for disappointment.

A strong debut could help revive enthusiasm for AI stocks. But a disappointing opening day might add to concerns that AI valuations have run too far.

So, will ANT take off on Day 1, or is Wall Street getting ahead of itself?

🎯 IPO Prediction:

How Will ANT Perform on Day 1?

• 🔴 A. Below IPO Price — ANT closes below its final offering price.

• 🟡 B. 0% to 10% — A modest debut.

• 🟢 C. 10% to 30% — A strong first-day rally.

• 🚀 D. 30% or More — A blockbuster debut!

Tell us your pick (A, B, C or D) and predict ANT's exact first-day closing price.

💬 One more question: Would you chase ANT if it surges on Day 1, or wait for a better entry? What if it falls below its IPO price — buy the dip or stay away?

🎁 Rewards

• Vote and share your thoughts in the comments for a chance to win Tiger Coins. Rewards are limited and available on a first-come, first-served basis.

⏰ Prediction Deadline:

• November 19, 9:00 PM SGT/HKT