Wednesday 11 November, Money & Work

Story one of ten today, about seven minutes for the lot

Two men with financial charts and branded phone mockup showing Claude logo, staged for IPO announcement
✓ The NightlyMoney & Work1 min read

Anthropic targets $2 trillion IPO, opens to Australian buyers

The AI company will list at US$70 to US$78 per share, valuing it at up to US$1.4 trillion.

Anthropic has confirmed its Nasdaq listing will price shares between US$70 and US$78 each, aiming for a peak valuation of US$1.4 trillion (A$2 trillion). The listing will raise about US$61 billion at the mid-point price.

The valuation is about 30 per cent below earlier expectations, reflecting recent volatility in AI markets. Australian investors will get their first chance to buy shares via Commsec, Stake, Sharesies, and major brokers including Morgan Stanley and Macquarie.

The company, founded in January 2021, generated US$33.2 billion in revenue in the first nine months of 2026 and expects to reach US$81 billion over the next 12 months.

$1.4 trillion
Valuation
$70 to $78
Share price range
January 2021
Founded
More than $1.5 billion
CBA stake value

Why it mattersThe IPO gives Australians direct access to a major AI player; Commonwealth Bank already holds a stake worth more than US$1.5 billion.

AustraliaAustralians can invest through local trading platforms and brokers; Anthropic is also leasing Australian data centre capacity to expand its AI services.

Corroborated byPerthNow

✓ Claims checked against the source. checked 6 h ago

Open this story in InSnip

The other nine are in the app.

Today's ten in a swipe, offline, and it ends. Free.

  • Deep diveFollow a story beat by beat, and see how it actually unfolded.
  • Ask the storyAsk a question about any story and get an answer built from its own sources.
  • Your library, keptYour streak and everything you saved, kept together on your phone.
Get InSnip free →
Download on the App StoreGet it on Google Play

Or read the other nine in the browser →

That is one of today's ten.

The rest takes about seven minutes, and then you are done for the day.

Read the other nine →

Free, no account needed. Australian news, every claim sourced.

Tomorrow's edition, 7am

The day's stories in one free email. No noise, unsubscribe anytime.

One email a day. Pure signal, no noise.

More Money & Work on InSnip →

Today's Daily Brief: ten stories, about seven minutes →

InSnip, free on your phone

QR code linking to https://insnip.com/get

Point a camera at the code and the right store opens.insnip.com/get

Download on the App StoreGet it on Google Play
The other nine are in the appFree, offline, ends at ten Get the app