Australians can now apply for Anthropic shares at the IPO price. The retail offer opened at 10am AEDT on Wednesday, November 11, 2026, through eight brokers led by CommSec, and it is expected to close at 5pm AEDT on Tuesday, November 17. The shares are the same Class A stock that will trade on Nasdaq as ANT from about November 19, priced in US dollars between $70 and $78. There is no ASX listing, and nobody is guaranteed an allocation.[1][2][4]
 | |
| Company | Anthropic, PBC (maker of Claude) |
|---|---|
| Ticker | ANT, Nasdaq Global Select Market |
| Price range | US$70 to US$78 a share |
| In Australian dollars | About A$102 to A$113 (Nov 11 rate) |
| AU offer opens | 10am AEDT, Wed Nov 11, 2026 |
| AU offer closes | 5pm AEDT, Tue Nov 17 (expected) |
| Final price | Nov 18, US Eastern Time (expected) |
| First trade | Nov 19, US Eastern Time (expected) |
| Lead AU broker | CommSec |
| ASX listing | None planned |
What opened today
Anthropic, the San Francisco company behind the Claude AI models, opened the Australian part of its initial public offering on Wednesday morning, Sydney time. According to the timetable published by Stake, one of the participating brokers, applications opened at 10am AEDT and are expected to close at 5pm AEDT on November 17.[1] That is 23:00 GMT on Tuesday, November 10, to 06:00 GMT on Tuesday, November 17.
The Australian Financial Review and Bloomberg both reported overnight that Anthropic had lodged its Australian prospectus and that brokers had started taking applications.[13] Anthropic said the offer is made under a prospectus lodged with the Australian Securities and Investments Commission, that the shares are newly issued Class A common stock, and that the prospectus would sit on its IPO website once the offer opened.[1]
Australian buyers get the same shares as everyone else in the deal. Anthropic is listing on Nasdaq only and has said it does not plan to seek a listing on the ASX, so once the shares arrive they will sit in your broker's US holdings and trade in US dollars.[1][7]
The eight brokers you can apply through
Anthropic named eight firms for the Australian retail offer. CommSec, the broking arm of Commonwealth Bank, is the lead broker. The other seven are Bell Potter, LGT Wealth, Macquarie, Morgans, Morgan Stanley Wealth Management, Sharesies and Stake.[1][2][3]
Anthropic also said it has not authorised any other firm or platform to offer or advertise access to shares in the IPO.[2] That matters, because big IPOs attract copycat "pre-IPO" offers. If someone outside this list contacts you offering Anthropic shares at the IPO price, treat it as a red flag.
The mix is wide. Full-service firms such as Bell Potter, Morgans and LGT Wealth mostly deal with clients who already have an adviser. CommSec, Stake and Sharesies are the apps most self-directed investors use. The Motley Fool Australia noted that this is the same route CommSec used for SpaceX's IPO in June, when Australian customers could apply for shares before they traded.[3]
New Zealand is the odd one out. Sharesies was founded there, but its participation is through its Australian business. RNZ reported that Kiwis are shut out of this offer, and Sharesies said it would share more about New Zealand access when it could.[2]
How to apply
The broad steps are the same at every broker. Anthropic's own FAQ says you request shares through a participating platform, you need an active account, and you submit what brokers call an "indication of interest".[4]
- Use an account you already have, or open one now. Verification can take a few days on some platforms, and the window closes on November 17.[15]
- Read the Australian prospectus. Anthropic says it is on its IPO website, and your broker should link to it from the offer page.[1]
- Choose an amount you are prepared to pay in full. Anthropic's FAQ says there is no guarantee you will get all or any of the shares you apply for, but you should be ready to buy every share you request.[4]
- Submit before 5pm AEDT on November 17. Some brokers set earlier internal cut-offs, so check yours.
- Wait for the allocation. Anthropic says brokers will confirm allocations on the first day of trading, expected to be November 19 in New York, which is November 20 in Australia.[4]
We could not find a published minimum application for the Australian offer in the sources we could read, and the brokers' own offer pages sit behind logins. Minimums, fees and any eligibility rules are set by each broker, so check them in your app before you apply.
What one share costs in Australian dollars
The price range in the US prospectus is US$70 to US$78 a share. At the exchange rate at 02:33 GMT on November 11 (one Australian dollar buying about 68.8 US cents), that works out to roughly A$102 to A$113 a share, or about A$108 at the midpoint.[1][12]
The final number will be different. The price is set on November 18 in New York, the Aussie dollar will move before then, and brokers usually add their own currency margin when they convert your money. A parcel of 10 shares at the top of the range would cost about A$1,133 before fees at today's rate.
Who else can buy at the IPO price
Australia is one of a handful of markets with a retail tranche. Anthropic's filing says the deal includes public offerings in Australia, Canada, certain member states of the European Economic Area, Japan, Switzerland and the United Kingdom, on top of the US.[2][7] The European countries named are Denmark, Finland, France, Germany, Ireland, the Netherlands, Norway, Spain and Sweden.[2]
- United States: Anthropic's IPO site links to Fidelity, Robinhood, Charles Schwab, E*Trade and SoFi.[4] NerdWallet counted six brokers in the November 10 prospectus, including TradePMR, which serves advisory firms.[6] Fidelity says its customers generally need at least $25,000 in certain assets with it to take part in IPOs.[5]
- United Kingdom: the Financial Times reported on November 6 that Anthropic was lining up a UK retail offer.[14]
- Japan: Nikkei Asia reported that Anthropic plans to raise up to $3.5 billion from Japanese investors, which would be the largest such raise in Japan by a foreign company.[8]
- Canada: Yahoo Finance Canada noted that Wealthsimple launched an IPO Access service in May with no minimum and no fee, but had not confirmed Anthropic would be on it when it wrote its guide on November 1.[9]
How big is the retail slice overall? Anthropic's US filing says retail allocations in the US and abroad could make up to 20% of the Class A shares, depending on demand, against a more typical 5% to 10% in large listings.[11] Bloomberg reported that JPMorgan leads US retail sales and Citigroup coordinates the international retail offers.[7] Our Anthropic IPO price range explainer has the full share count and how the founders are selling.
Risks and what analysts are saying
The deal is huge. Anthropic is seeking up to US$64.4 billion in the IPO, plus a separate US$26 billion private placement, for a combined total of up to about US$90.4 billion.[1] At those prices the company would be worth well over US$1 trillion, which leaves less room for an easy first-day jump than a small listing would.
Views in Australia are split. Sharecafe summarised Morningstar's range of outcomes: a bull case near US$3 trillion, a base-case fair value of about US$1.7 trillion and a bear case around US$500 billion. It also noted that former stockbroker Marcus Padley cut his fair-value estimate after Anthropic reported an operating loss, and that David Allen of Plato Investment Management listed 14 "red flags".[10]
A few practical points apply to anyone outside the US:
- Currency risk. The shares are priced in US dollars, so a falling US dollar can cut your return in Australian dollars even if the stock holds steady.[9]
- No guarantee. Popular offers are scaled back. You may get fewer shares than you asked for, or none.[4]
- Flipping rules. Some brokers track who sells IPO shares quickly. Fidelity, for example, applies a 15-calendar-day tracking period to this offer, and frequent flipping can limit your access to future IPOs.[5]
- Policy backdrop. The offer lands in the same week Canberra set out mandatory AI incident reporting and a new AI safety regulator. Our explainer on Australia's AI safety rules covers what changes.[1]
The week has already been rough for the companies Anthropic competes with. Microsoft shares fell 2.2% on Tuesday after Anthropic launched Claude Sheets, as we covered in our Microsoft stock report.
If you miss the window
You can still buy ANT after it starts trading, through any broker that offers US shares, at whatever the market price is at the time.[4][15] Finder points out that Nasdaq-tracking and AI-themed ETFs on the ASX are another route, and The Motley Fool Australia notes that many super funds will end up holding Anthropic indirectly once it joins the big global indices.[3][15]
Frequently asked questions
When does the Anthropic IPO open in Australia?
It opened at 10am AEDT on Wednesday, November 11, 2026, according to the timetable published by Stake.[1]
When does the Australian offer close?
It is expected to close at 5pm AEDT on Tuesday, November 17, 2026. Individual brokers may stop taking applications earlier.[1]
Which brokers offer the Anthropic IPO in Australia?
CommSec (lead broker), Bell Potter, LGT Wealth, Macquarie, Morgans, Morgan Stanley Wealth Management, Sharesies and Stake.[1][2]
Will Anthropic list on the ASX?
No. Anthropic said it does not plan to list on the ASX. Its shares will trade on Nasdaq under the ticker ANT.[1]
How much is one Anthropic share in Australian dollars?
At the November 11 exchange rate, the US$70 to US$78 range is about A$102 to A$113 a share, before broker fees and currency margins.[12]
Can New Zealanders apply?
Not through this offer. Sharesies is taking part through its Australian business, and RNZ reported that New Zealand investors are not included.[2]
When will I know if I got shares?
Anthropic says brokers will confirm allocations on the first day of trading, expected to be November 19 in New York (November 20 in Australia).[4]
This page explains a news event. It is not financial advice and does not recommend buying or selling any shares. Read the prospectus and consider your own circumstances before you invest.
References
- "Anthropic opens Australian retail IPO offering as AI scrutiny intensifies". CNBC. November 11, 2026.
- "Sharesies among Australian brokerages participating in Anthropic IPO". RNZ. November 3, 2026.
- "Anthropic IPO: Why you might get a call offering shares". The Motley Fool Australia. November 3, 2026.
- "Anthropic's Initial Public Offering" (How to participate, FAQs). Anthropic. Checked November 11, 2026.
- "How to participate in the Anthropic IPO". Fidelity Investments. November 10, 2026.
- "What to Know Ahead of Anthropic's IPO Next Week (NASDAQ: ANT)". NerdWallet. November 10, 2026.
- "Anthropic IPO: retail investors could get up to 20% of shares". Invezz (citing Bloomberg and the S-1). October 28, 2026.
- "Anthropic seeks to raise up to $3.5bn from Japanese investors in IPO". Nikkei Asia. November 2, 2026.
- "Anthropic's US$100 billion IPO could be the biggest ever: here's how Canadian investors can get access". Yahoo Finance Canada. November 1, 2026.
- "Anthropic IPO Valuation Debated Amid Market Uncertainty". Sharecafe. November 11, 2026.
- "Anthropic Is Reserving Up to 20% of Its IPO for Retail Investors, Far Above the Typical 5% to 10%". The Motley Fool, via Yahoo Finance. November 10, 2026.
- "AUD/USD, USD/CAD, GBP/USD, EUR/USD and USD/JPY quotes". Yahoo Finance chart data. Checked November 11, 2026, 02:33 GMT.
- "Anthropic lodges Australian prospectus, brokers start selling shares". Australian Financial Review. November 11, 2026. Also: "Anthropic Lodges Australian Prospectus, Opening IPO to Retail". Bloomberg. November 10, 2026 (headlines).
- "Anthropic lines up UK retail offer as AI stocks wobble". Financial Times. November 6, 2026 (headline).
- "Anthropic IPO: When is it and how can you invest?". Finder Australia. Checked November 11, 2026.