Anthropic files a European retail prospectus with a $120.00 maximum price

Anthropic filed a free writing prospectus on Form FWP. The EDGAR index lists filing date 2026-11-12 and accepted 2026-11-12 06:06:37. The index does not name a time zone. The document is an issuer free writing prospectus dated 11 November 2026, relating to the preliminary prospectus dated 10 November 2026. It says that on 11 November 2026 Anthropic published a prospectus approved by the German Federal Financial Supervisory Authority, BaFin, for a retail offering in Germany, Denmark, Finland, France, Ireland, the Netherlands, Norway, Spain and Sweden, and that the prospectus was also filed with a Swiss prospectus office on 11 November 2026.

The European retail offering is a maximum of 80,135,135 newly issued shares of Class A common stock. The maximum public offering price is $120.00. The document says the estimated US offering range remains $70.00 to $78.00, and that this range is not expected to exceed the maximum public offering price. It says retail investors placing orders below $70.00 should not expect an allocation. No new amendment to the US registration statement was in the EDGAR S-1 list, which still shows Amendment No. 2 filed on 10 November 2026. The US range in that amendment was not changed by this filing.

The document calls the timetable indicative and says it may be extended or shortened and remains subject to change. It lists commencement of the offer in Germany and Switzerland on 11 November 2026, in Sweden on 12 November 2026, and, on or about 11 November 2026, in the other named countries after notification. It lists expiration of the offer period at 4:00 p.m. Central European Time (10:00 a.m. Eastern Time) on or about 18 November 2026, publication that day of the final price and results on ipo.anthropic.com, commencement of Nasdaq trading on 19 November 2026, and completion of the offering, including delivery to the underwriters, on 20 November 2026. No valuation was calculated from these figures.

What it means for business: this filing sets a European retail maximum of $120.00 and leaves the US range at $70.00 to $78.00. The 18, 19 and 20 November dates are in an indicative timetable that the document says can change. The registration statement is not described as effective. This describes the filing. It is not advice on buying shares.