The short answer: Anthropic plans to list Class A shares on the Nasdaq Global Select Market under the ticker "ANT," according to its October 26, 2026 S-1. As of October 27, there is no price range or date yet. Reporting points to mid-to-late November. Retail investors may get IPO shares if the underwriters allocate some to online brokerage customers, which the filing allows but does not promise. Otherwise, you can buy ANT through any brokerage once it starts trading.
Drawing on The Pomp Podcast, hosted by Anthony Pompliano (anthonypompliano.com), with guests Ankur Nagpal, who runs USVC at AngelList, and Yoni Assia, co-founder and CEO of eToro. Episodes released July 7 and August 17, 2026. Filing details and reporting as of October 27, 2026.
Anthropic, the company behind Claude, made its IPO plans public on October 26, 2026. The filing answers some of the questions investors have been asking on the show for months: what the stock will be called, where it will trade and who controls the company. It leaves the biggest ones open: the price, the date and whether ordinary investors will get IPO shares. This piece walks through what the S-1 and reliable reporting actually say, as of October 27, 2026, and what two Pomp Podcast guests said about getting retail investors into AI companies before and at the IPO. For background on the company itself, see What Is Anthropic?
What is Anthropic's stock ticker, and where will it trade?
Anthropic's S-1 says it has applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol "ANT." The registration statement is not yet effective, so the shares cannot be sold yet. As of October 27, Anthropic had not filed an amended S-1, so there is still no share count or price range. That usually arrives in an amendment just before the roadshow. Goldman Sachs and Morgan Stanley lead a long list of underwriters that includes JPMorgan, Citi and Barclays.
When is the Anthropic IPO?
There is no official date. Reuters reported on October 22 that the roadshow, when the company pitches the shares to investors, was expected to start the week of November 9. IFR reported pricing could follow the next week, and The Wall Street Journal reported the stock could list as soon as the week before Thanksgiving. Fortune reported on October 27 that Anthropic is expected to target a Thanksgiving-week debut. Because Anthropic filed confidentially first, SEC rules require its filing to be public for at least 15 days before the roadshow begins. Reuters has reported the deal could raise as much as $100 billion. Anthropic raised money at a $965 billion post-money valuation in May, and Reuters reports some investors now value it around $1.5 trillion, down from roughly $2 trillion that investors had expected earlier. None of these figures is in the filing, and all of them can change before pricing.
Can regular investors buy Anthropic stock at the IPO price?
Maybe, but nothing is confirmed. The S-1 includes one relevant line: "The representatives may agree to allocate a number of shares of our Class A common stock to underwriters for sale to their online brokerage account holders." The filing does not describe a directed share program and does not name any retail broker. NerdWallet notes that SpaceX's IPO earlier this year offered shares through E*TRADE, Fidelity, Schwab, Robinhood and SoFi, but whether Anthropic follows that model is still unknown.
If brokers do get allocations, the usual process is to request shares in the broker's IPO section before pricing. Allocations are not guaranteed. Robinhood's IPO Access, for example, says shares can be allocated at random when demand is high. Check your own broker for eligibility rules and any limits on selling right after the IPO.
On The Pomp Podcast in August, eToro CEO Yoni Assia said his company was part of the retail distribution of the SpaceX IPO and that he hoped AI labs would follow. That was a hope, not an announcement. eToro does not appear in Anthropic's filing. In the same conversation, Assia said SpaceX traded on perpetual futures markets before its IPO, including on eToro. eToro's website now lists an "Anthropic Early Access" market (ANT.24-7). The page does not explain how the product works or where it is available, and it is not an allocation of IPO shares, which can't be sold until the registration is effective. Read the product terms before trading anything like it.
How do you buy ANT once it starts trading?
Once the stock prices and begins trading on Nasdaq, any standard brokerage account that offers U.S. stocks should be able to buy ANT like any other listed company. First-day prices for heavily hyped IPOs can be volatile. A limit order lets you set the most you are willing to pay instead of accepting whatever the market price is at the open.
Can you invest in Anthropic before the IPO?
For most people, only indirectly. In July, Ankur Nagpal explained USVC, the AngelList-run venture fund he leads. He said it is open to non-accredited investors with as little as $500 and holds stakes in companies including SpaceX, Anthropic and OpenAI. Both points still check out: USVC's website and July 2026 prospectus list a $500 minimum with no accreditation required, plus a sales load of up to 3%. As of August 31, 2026, the fund reported Anthropic exposure equal to about 1.3% of net assets, so a $500 investment carries only a few dollars of Anthropic. Nagpal described USVC as a tender offer fund. Investors buy in at net asset value (NAV). The prospectus says the board expects to offer quarterly repurchases of no more than 5% of net assets, but it can decide not to.
Nagpal also warned about listed vehicles that promise private-company exposure. Their trading price, he said, can become "completely distorted from the underlying asset values." He pointed to one fund that at one point traded at roughly a hundred times what it held. Before you buy any pre-IPO product, compare its price with its NAV, check its fees and read how and when you can get your money out.
A second indirect route is owning public companies that have invested in Anthropic. The filing caps Amazon's stake at 12% and gives Google an option to buy up to $10 billion of non-voting Class N shares at the IPO price (see What Is Alphabet?). Those are huge companies, though, and Anthropic is only one piece of their value.
What should investors know before buying Anthropic stock?
Growth is real, and so are the losses. Revenue was $16.29 billion in the first half of 2026, up from $1.16 billion a year earlier. The net loss was $80.7 billion, mostly a non-cash charge of roughly $72 billion tied to the fair value of convertible notes. TechCrunch reported the operating loss was $693 million.
Public shareholders won't control the company. Anthropic is a public benefit corporation. A Founder LLC owned by its seven co-founders holds Class F shares with 50.1% of the vote, and the Long-Term Benefit Trust elects a majority of the board. Class A buyers get votes but not control.
Lock-ups are staggered. Some existing holders can sell from the first trading day, with more shares unlocking on set days after the prospectus date (the 27th, 48th, 62nd and 76th) and longer 180-day and 365-day lock-ups for others. That means more shares can hit the market in waves.
The valuation is the bet. At a reported valuation of around $1.5 trillion, the price already assumes years of very fast growth.
Read the risk factors. Reuters reported that the filing devotes about 94 pages to risks. It discloses that Anthropic paused pre-training of a new frontier model for more than a month over security concerns, and that four AI models accessed live external systems during testing.
What should investors take from this?
"How to buy Anthropic stock" comes down to three paths. You can try for IPO shares through a broker, if Anthropic's underwriters set aside an allocation for online brokerage customers. You can buy ANT on Nasdaq once it trades. Or you can get indirect exposure through private-market funds or Anthropic's big public backers. Nagpal's guidance from July is a useful frame: put most of your money in broad index funds, and treat private-market or single-IPO bets as "a small sleeve on top." For more on the AI build-out behind these valuations, see What Is CoreWeave? and Dan Ives on the AI boom.
Key takeaways
Anthropic filed its S-1 on October 26, 2026 and plans to list Class A stock on Nasdaq under "ANT."
No share count, price range or date has been set. Reuters, IFR and the WSJ point to a roadshow starting around November 9 and a listing in mid-to-late November.
The S-1 says underwriters may allocate shares to online brokerage account holders. No retail broker is named.
Once ANT trades, any U.S. brokerage account can buy it. Consider a limit order on day one.
Pre-IPO exposure through funds is possible, but Ankur Nagpal warned that listed vehicles can trade far above the value of what they hold.
A Founder LLC holds 50.1% of the vote and lock-ups unlock in waves, so public buyers get growth exposure without control.
Best quotes from the episodes
"This is very, very rare, since normally venture funds require someone to be an accredited investor. However, this is open to anyone in America with as little as $500."
"The challenge with those is the price at which it trades gets completely distorted from the underlying asset values."
"I think you absolutely should put the majority of your dollars indexing the stock market. Private markets don't replace that."
"Private markets give a small sleeve on top of that that could potentially outperform."
"During the SpaceX IPO, we already have seen SpaceX started trading on perpetual markets during basically the pre-IPO."
"We very much hope this now becomes a standard, so more and more companies, OpenAI, [Anthropic], others realize the opportunity of retail distribution."
FAQ
What is Anthropic's stock ticker?
Anthropic has applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol ANT, according to its S-1 filed October 26, 2026.
When will Anthropic go public?
No date has been set. As of October 27, 2026, Reuters reported the roadshow was expected to begin the week of November 9, and Fortune and The Wall Street Journal reported a listing targeted around Thanksgiving week. No price range has been filed yet.
Can retail investors buy Anthropic stock at the IPO price?
Possibly. The S-1 says the underwriters may allocate shares to underwriters for sale to their online brokerage account holders, but it does not name any broker or promise retail access. Check your broker's IPO section for eligibility closer to pricing.
Can I invest in Anthropic before the IPO?
Only indirectly for most people: private-market funds that hold Anthropic, or public companies that own stakes, such as Amazon and Alphabet. On The Pomp Podcast, Ankur Nagpal warned that some listed funds trade at large premiums to the value of what they hold.
Who controls Anthropic after the IPO?
Anthropic is a public benefit corporation. A Founder LLC owned by its seven co-founders holds Class F shares with 50.1% of the vote, and the Long-Term Benefit Trust elects a majority of the board.
FROM THE HOST
Put AI to work on your own financial questions.
Silvia is a personal AI CFO, built by investors, for investors. It answers questions about your cash flow, investments and goals using your own financial context, and organizes the details so you can review them. Access is read-only.
Disclosure: Anthony Pompliano is Chairman and CEO of Silvia, Inc. For educational purposes only; not financial advice.
Watch or listen to the full episodes
Hear Ankur Nagpal explain how USVC gives non-accredited investors access to private AI companies, and Yoni Assia on retail distribution in the SpaceX IPO.
"How To Invest In OpenAI and Anthropic Before They Go Public" with Ankur Nagpal, July 7, 2026. The USVC discussion starts around the 10-minute mark.
"CEO Explains Why Bitcoin Is Digital Gold" with Yoni Assia, August 17, 2026. The SpaceX IPO discussion starts around the 9-minute mark.
Sources
Anthony Pompliano is an entrepreneur, investor, and author who serves as Chairman and CEO of Silvia, Inc (SVIA) and invests through Pomp Investments. He is the host of The Pomp Podcast, where he interviews founders, investors and economists about bitcoin, markets, AI and the economy. This article is based on his July 7, 2026 conversation with Ankur Nagpal and his August 17, 2026 conversation with Yoni Assia, with outside facts checked against the sources listed above. Follow Pomp on X (https://x.com/APompliano).
Subscribe
Get notified for every new Pomp Podcast episode.
Subscribe for free to learn alongside Anthony Pompliano.
This article reflects the opinions of the guests and host as shared on The Pomp Podcast. It is guest opinion, not investment advice. Do your own research before making any investment decision.
