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Anthropic plans to sell 825 million shares at $70–$78 apiece, with seven tech companies separately buying $26 billion in non-voting shares. The IPO is expected to be a major test of investor appetite for AI and the sustainability of the sector’s costly expansion. Anthropic reported third-quarter revenue of $17 billion and an $81 billion annualized run rate, while warning of substantial computing commitments, AI-related risks, and potential political and regulatory backlash. Its founders will retain majority voting control after the listing.

8 November