Live guide · Updated Nov 10, 2026

Anthropic IPO: every way to get exposure

Anthropic set a $70–$78 price range on Nov 10 and is reported to start trading on Nasdaq as ANT on Nov 19. Compare every way to get exposure, from requesting IPO shares to the stocks and funds that already own a stake, with dates, costs and a source for every number.

IPO valuation: $916B–$1.02T66; At the $70–$78 range, on the 13.09B shares outstanding after the IPO. Up to $1.4T fully diluted 67
Ticker · first trade: ANT · Nov 1968

Check what you already own

Key dates

NowStocks and funds with a stake
Before Nov 18Request IPO shares
Nov 19ANT starts tradingin 7 days
+5 to 15 daysIndex funds add ANT
Late 2027+Earliest S&P 500 entry

The Anthropic IPO in numbers

From the S-1/A and press reports.

Revenue
Q3 2026 · +47% on Q2
1
Revenue growth
Q3 2026 · year over year, from $1.38B
2
Last private valuation
Series H, May 2026 · $65B raised, per press reports
3

The biggest US IPOs

Capital raised at listing, before any over-allotment. Anthropic’s outline is its filed price range, so the final size can still change.

Anthropic2026 · price range
$57.8B–$64.4B
SpaceX2026
$75B
SK hynix2026
$26.5B
Alibaba2014
$21.8B
Visa2008
$17.9B
Facebook2012
$16B

Sources66456

Compare the ways to invest

See when each option opens and how much of every $1,000 goes into Anthropic.

IPO shares
Shares at the offer price, through six US brokers.
OpensRequest before pricing, Nov 18
Anthropic per $1,000All Anthropic
ANT stock
Shares on Nasdaq once trading starts.
OpensNov 19, reported
Anthropic per $1,000All Anthropic
Stocks with a stake
US-listed companies that own part of Anthropic.
OpensNow
Anthropic per $1,000Up to $116
Funds with a stake
US-listed ETFs and funds that bought Anthropic before the IPO.
OpensNow
Anthropic per $1,000Up to $105
Index funds
Broad index funds such as VTI and QQQ add ANT after it lists.
Opens5–15 trading days after listing
Anthropic per $1,000About $13 in QQQ
Watch out
Products linked to Anthropic that don’t give you its shares.
OpensNow
Anthropic per $1,000No shares

Track what the market is waiting for

The filings and dates that will set ANT’s price, size and first trade.

Today

Nov 16

Nov 23

Nov 30

Dec 7

Dec 14

A B ANT D E F G H

ScheduledExpected, can moveANT’s first trade

ANov 17In 5 days
Nvidia Q3 results
Anthropic’s chip supplier and an investor. Results after the close. 65
BNov 18In 6 days
Pricing
The final IPO price within or outside the $70–$78 range, and the amount raised. Reconfirm IPO requests. 68
ANTNov 19In 7 days
First trade on Nasdaq
Where ANT opens against the IPO price. Some insiders can sell up to 10% of their shares from day one. 68
DNov 23 · Trading day 3In 11 days
Options can list
SpaceX options started on its third trading day. 17
ENov 25 · After day 5In 13 days
Total-market funds add ANT
VTI, ITOT and Russell 1000 funds can buy after the fifth day of trading. 20
FDec 3 · After day 10In 21 days
MSCI adds; Nasdaq-100 decision
MSCI funds can add ANT, and Nasdaq says whether it joins the Nasdaq-100. 18
GDec 11 · After day 15In 29 days
Nasdaq-100 entry
QQQ adds ANT if it ranks in the top 40 by market cap. 18
HDec 14 · About day 25In 32 days
First analyst research
The underwriting banks publish ratings and price targets. For SpaceX they came 25 days after the IPO. 63

Compare Anthropic exposure per dollar

The Anthropic stake inside each stock or fund, at its latest reported value.

Owning a company that holds Anthropic is not the same as owning Anthropic. These figures show the share of each stock’s or fund’s value that its Anthropic stake made up at its last reported value. $1,000 of Zoom stock is still $1,000 of Zoom: its price moves with Zoom’s whole business, and the stake’s value changes when the company revalues it or ANT starts trading.

If I put in

how much is Anthropic?

ANT itself, at the IPO or on Nasdaq

100% Anthropic

$10,000

Each bar is out of 100%: the full width would mean every dollar is Anthropic.

Fundrise Innovation
VCX
16.5% of the fund, at NAV. The market price can differ
$1,650
Destiny Tech100
DXYZ
14.4% of the fund, at NAV. The market price can differ
$1,440
Zoom
ZM
$3.1B stake in a $27B company
$1,160
Tema Photonics & Optical
LAZR
10.5% of the fund
$1,050
Amazon
AMZN
$239B stake in a $2.71T company
$881
ARK Venture
ARKVX
4.41% of the fund
$441
Alphabet
GOOGL
$128B stake in a $3.44T company
≤ $373
Salesforce
CRM
$5.1B stake in a $191B company
$267
KraneShares AI & Tech
AGIX
2.3% of the fund
$230
Nasdaq-100 fund
QQQ
If ANT joins at SpaceX’s 1.3%
$130
Total market fund
VTI
If ANT joins at SpaceX’s 0.15%
$15

Sources47484942434445465051522627282930323337383436352019

Check what you already own

Before adding ANT, see how much Anthropic is already in your stocks and funds.

A rough estimate using the same stake values. It shows how much of what you hold is tied to Anthropic, not an amount you could sell as Anthropic shares.

What you hold

Example amounts. Type your own.

ZM$
AMZN$
GOOGL$
CRM$
DXYZvalued at NAV$
VCXvalued at NAV$
LAZR$
ARKVX$
AGIX$
QQQafter ANT lists$
VTIafter ANT lists$

Anthropic you may already own

≤$822

3.3% of the $25,000 you entered

AMZN $440
QQQ $195
GOOGL ≤ $186

Astor connects your brokerage and retirement accounts and works this out for you, so you know where you stand before buying more.

Check my real exposure

Estimate at pre-IPO values. Index funds assume ANT joins at SpaceX’s weight.

Request IPO shares

IPO sharesOpens: Request before pricing, Nov 18Who: Customers of 6 US brokers

1
Check eligibility
At one of the six brokers in the deal.
2
Request shares
The $70–$78 price range was filed on Nov 10. Pricing is reported for Nov 18.
3
Reconfirm
On pricing night. Allocations arrive before trading starts.
4
Note the holding period
Selling within 15–30 days can cost you future IPO access.

SpaceX IPO: requested vs. received

One Schwab customer’s request in SpaceX’s IPO 15

Asked for

4,250

Got

147

3.5%of the request filled

Retail share of the IPO

Reported as under discussion, not in the filing 8

0%of all shares in the IPO100%

15–20%for individual investors, split across brokers

Brokers in the IPO

Robinhood
In the ANT deal
9
Minimum
$0
No minimum
Hold to avoid a penalty
30 days
Equal odds for every request60-day IPO ban
Fidelity
In the ANT deal
10
Minimum
$25K
$25K in eligible assets
Hold to avoid a penalty
15 days
By assets and tenureRestricted access
Charles Schwab
In the ANT deal
11
Minimum
—
Net worth bar, not published
Hold to avoid a penalty
—
Not publishedNot published
SoFi
In the ANT deal
12
Minimum
$0
No minimum
Hold to avoid a penalty
30 days
By balance and history180-day ban, then longer
E*TRADE
In the ANT deal
13
Minimum
$0
No minimum
Hold to avoid a penalty
30 days
Not publishedCan lose eligibility
Trade-PMR
In the ANT deal
14
Minimum
—
Through an adviser only
Hold to avoid a penalty
—
Via your adviserNot published

Deciding how many shares to request?

Astor shows how much AI and Anthropic you already hold across your accounts, so you can size the request against your whole portfolio.

Check my exposure

Buy ANT after it lists

ANT stockOpens: Nov 19, reportedWho: Any brokerage account

Index fundsOpens: 5–15 trading days after listingWho: Anyone who owns them

SpaceX’s first trading days

For reference: what happened to SpaceX, the last mega-IPO, after it listed in June 2026, from the $135 IPO price to each daily close. Sources16575859606162

ANT may trade very differently. Past performance does not indicate future results.

First trade: $150; +11% vs IPO price
Highest close: $201.80; Jun 16, +49%
Close on Jun 22: $154.60; +15% vs IPO price

Index fund entry dates

Trading days after ANT lists

First trade
Day 0
Anyone can buy 7
Options
Day 2
Options can list 17
Total market
Day 5
VTI · ITOT · IWB 21
MSCI
Day 10
ACWI · URTH 22
Nasdaq-100
Day 15
QQQ 18

S&P 500: VOO · SPY, not before late 2027 23

SpaceX at index entry

SpaceX held in each $10,000 of the fund

$15

VTI 200.15% weight

$130

QQQ 191.3% weight

Your index funds will add ANT on their own

Astor shows what your brokerage, IRA and 401(k) funds will hold, so you can count it before buying more.

See what I own

Buy stocks with a stake

Stocks with a stakeOpens: NowWho: Anyone

The stake is one asset among many. Each stock’s price reflects the whole company, so it may not move with Anthropic, and stake values are from each company’s last filing, before the IPO.

Zoom
ZM
12%
of its value is Anthropic
Stake
$3.1B
Market cap
$27B
Carrying value, Jul 31474849
Amazon
AMZN
8.8%
of its value is Anthropic
Stake
$239B
Market cap
$2.71T
Notes plus preferred stock, Sep 30424344
Alphabet
GOOGL
≤3.7%
of its value is Anthropic
Stake
$128B
Market cap
$3.44T
Private holdings, mostly Anthropic4546
Salesforce
CRM
2.7%
of its value is Anthropic
Stake
$5.1B
Market cap
$191B
Reported value, Jul 31505152

Stake value vs. amount invested

Latest reported stake value, before the IPO

Salesforce
$50M in → $5.1B now
102×
Amazon
$18B in → $239B now
13×
Zoom
$352M in → $3.1B now
9×

Own Amazon, Alphabet or Zoom?

Astor adds up the Anthropic inside the stocks and funds you hold, across every account.

See what I own

Buy funds with a stake

Funds with a stakeOpens: NowWho: Anyone

Weights come from each fund’s latest report and change as prices and holdings move. Closed-end funds trade at their own market price, which can sit well above or below what their holdings are worth (NAV).

Share of each fund that is Anthropic, from its latest report.

Fundrise Innovation
VCXClosed-end fundVia SPV
As of Mar 31, 2026. Weight is from March; Fundrise put it above 20% at Jun 30. Its 3% fee cap ended when it listed.282930
16.5%
Destiny Tech100
DXYZClosed-end fundVia SPV
As of Jun 30, 2026. Share of its portfolio at fair value. Price swings far from NAV.2627
14.4%
Tema Photonics & Optical
LAZRETFVia SPV
As of Oct 27, 2026. Highest weight of any ETF. Carried at cost until the IPO.3233
10.5%
ARK Venture
ARKVXInterval fundHolds directly
As of Sep 30, 2026. Buys back about 5% of the fund a quarter.3738
4.41%
KraneShares AI & Tech
AGIXETFHolds directly
As of Oct 26, 2026. On Anthropic’s cap table since 2025.343635
2.3%

Already in your 401(k)?

Fidelity ContrafundGrowth Fund of AmericaFundamental InvestorsT. Rowe Price fundshold Anthropic as a small part of the fund Sources394041

Check for overlap before you buy

Many of these funds hold the same AI companies. Astor shows how a new fund overlaps with what you already own.

See what I own

Watch out for look-alike products

Watch out

2x ANT ETFs
2×
the daily move, reset every day
Over several weeks, returns can differ from 2× the stock’s. 2425
Private SPVs
20%
upfront fee on one deal
Anthropic says transfers it hasn’t approved are void. 5354
Pre-IPO tokens
~40%
drop after Anthropic’s warning
Anthropic doesn’t recognize shares behind them. 5553
Prediction markets
$1 or $0
payout per contract
A contract on the IPO date or value, not shares. 56

Common questions

Can I buy Anthropic stock today?

Not directly until ANT lists. Anthropic filed a $70–$78 price range on Nov 10, and CNBC reports trading is set to start Nov 19. Today you can buy funds that hold it, like LAZR or DXYZ, or companies with stakes, like Zoom or Amazon. 66683247

How do I get IPO shares at the offer price?

Have an account at Robinhood, Fidelity, Schwab, SoFi or E*TRADE (or Trade-PMR through an adviser). The price range is filed, so request shares before pricing and reconfirm on pricing night. 669

Will my index fund own ANT?

Most broad funds within three weeks of listing: total-market funds after about 5 trading days, QQQ after 15. S&P 500 funds not before late 2027. 201823

What should I check before buying a pre-IPO fund?

How much of the fund is Anthropic, how far its price sits from what its holdings are worth, and whether it holds Anthropic directly or through an SPV, which Anthropic says it doesn’t permit. 3153

Are Anthropic SPVs, forwards or tokens real shares?

Anthropic says any sale it hasn’t approved is void and that such offers may have no value. 53

Plan it around everything you own

Before you buy any Anthropic, it helps to know how much you already own. Astor connects to your brokerage, retirement and crypto accounts and shows your exposure through stocks and funds. Then it helps you plan around the IPO with your whole portfolio, risk level and taxes in mind.

See your current exposure, direct and through funds
Size a position against your AI concentration
Get a text when the price range, first trade and lock-ups land

Check my exposure Sign up

AstoriMessage

How much Anthropic do I already own?
Some, indirectly. Amazon and Alphabet in your brokerage both hold stakes, and your index funds will likely add ANT after it lists. Want me to size it against your whole portfolio?
Yes. And what if I want to buy on day one?
I’ll show how a position would change your AI concentration, which account makes sense for taxes, and text you when the price range and first trade land. Nothing is bought until you say yes.

Illustrative example. Not a recommendation.

Use this data with your agent

We update this page as the IPO moves. Point your agent at the Markdown or JSON version and it can check back for you. Every number has a date and a source. Free, no key or sign-up.

Read https://www.astor.app/research/anthropic-exposure.md and keep me up to date on how to invest in Anthropic. Each time, tell me what changed since the last update and which dates are coming up. Cite the sources in the file.

Works with ChatGPT, Claude, Perplexity or any agent that can open a link. Page: astor.app/research/anthropic-exposure

Sources and method

Dollars of Anthropic use each company’s or fund’s own valuation of its stake, before the IPO, so they’ll move once ANT trades. Last updated Nov 10, 2026.

Astor is not affiliated with Anthropic or any fund or broker named here, and is not an underwriter in the offering. This page is for information only, not a recommendation or an offer to buy or sell any security.

Still unknown

Final IPO price and amount raised
Whether pricing and the first trade hold to Nov 18 and 19
How much of the deal goes to retail
Amazon’s and Alphabet’s ownership after the IPO
Q3 Anthropic weights for DXYZ, VCX and the large mutual funds

Anthropic IPO: every way to get exposureAnthropic IPO: every way to get exposure

The Anthropic IPO in numbersThe Anthropic IPO in numbers

The biggest US IPOs

Compare the ways to investCompare the ways to invest

Track what the market is waiting forTrack what the market is waiting for

Compare Anthropic exposure per dollarCompare Anthropic exposure per dollar

Check what you already ownCheck what you already own

Request IPO sharesRequest IPO shares

Brokers in the IPO

Buy ANT after it listsBuy ANT after it lists

Buy stocks with a stakeBuy stocks with a stake

Buy funds with a stakeBuy funds with a stake

Watch out for look-alike productsWatch out for look-alike products

Common questionsCommon questions

Plan it around everything you own

Use this data with your agent

Sources and method

Anthropic IPO: every way to get exposure

The Anthropic IPO in numbers

Compare the ways to invest

Track what the market is waiting for

Compare Anthropic exposure per dollar

Check what you already own

Request IPO shares

Buy ANT after it lists

Buy stocks with a stake

Buy funds with a stake

Watch out for look-alike products

Common questions