Feature · Anthropic IPO

Orders 6x oversubscribed, yet some say "kick Claude out": eight quotes and numbers from Anthropic's roadshow week, five days before listing

"I'm going to kick Claude out." An X post relaying Jason Calacanis saying that on his own podcast passed 530,000 views. The same week, Anthropic's IPO drew orders for roughly six times the shares on offer. Ahead of its Nov. 19 Nasdaq debut, CEO Dario Amodei told investors compute is his deepest dilemma, while resentment toward Anthropic spilled out across Silicon Valley. We gathered the quotes and numbers from official filings, reporting and posts.

1. 6x orders, up to $90.4B, trading as 'ANT' on Nov. 19

   According to Edaily, Anthropic's IPO drew orders for about six times the shares offered, and together with a concurrent private placement it aims to raise up to $90.4 billion, which would top SpaceX's $85.7 billion record from June. The range is $70 to $78 a share; pricing is set Nov. 18 (ET) and trading starts Nov. 19 on Nasdaq under 'ANT.' Retail investors can request shares through US brokers such as Robinhood and Fidelity.

2. Amodei: compute is "the deepest business dilemma"

   Bloomberg reports Amodei said at a JPMorgan event with CEO Jamie Dimon on Nov. 13 that "compute is the deepest business dilemma that the company faces." The technology is growing so fast, he said, that it's unclear how it will translate into economic value, leaving huge uncertainty about how much data center capacity to buy in advance.

3. "We don't vague post about models ahead of time"

   "We basically build the model, we make sure it's good, we release the model," Amodei says in a clip that drew 1,150 likes on X. Many replies read it as a dig at OpenAI, which has seen repeated GPT-6.2 hints with no announcement; an OpenAI fan's post asking "how much longer are we supposed to wait?" drew about 230 likes.

4. One roadshow slide, "a big factor in my decision to leave"

   A roadshow slide charting pretraining compute efficiency over time also went viral. Jacob Coxon wrote that it was a big factor in his decision to leave, noting the y-axis is log scale yet the curve keeps steepening, and argued Mythos was not a one-time deviation. His post got 1,850 likes; a reply objecting that "an unlabeled log axis is impossible to interpret" got 95.

5. 'SI' appears in the filing

   Korea's CBC News reports Anthropic's second amended S-1 adds the term 'super intelligence (SI)' after the Trump administration ordered agencies to use 'SI' instead of 'AI.' Terms like 'SI models' appear, but 'AI' still shows up about 600 times versus 42 for 'SI.' Some called it unusual for Anthropic, a regulation advocate, to adopt the term.

6. Calacanis: Grok Bot costs $40 a month, Claude nearly $20,000 a year

   According to a widely shared summary of This Week in AI, host Jason Calacanis said Fable 5.2 did worse than Grok Bot on work he usually hands Grok Bot and said "I'm going to kick Claude out," citing $40 a month for Grok Bot versus nearly $20,000 a year for Claude with overages. He later added his team uses Grok Bot 10 times more than Claude, and investor Adeo Ressi said his firm is removing Claude too. A counterpoint that Grok Bot suits recurring ops while Claude Code is for building drew 17 likes.

7. NYT: why Silicon Valley's knives came out for Anthropic

   The New York Times reported Nov. 13 that Amodei's public worries about AI danger have made enemies of peers. When Anthropic and OpenAI lobbied the White House to keep some models from being developed and shared, Microsoft's Satya Nadella and then-Nvidia CEO Jensen Huang drafted a letter in late July saying the models should stay open; two dozen companies signed quickly and 200 more, including OpenAI, followed within a week.

8. By the numbers: revenue up 12x, net loss of $23.3B

   Q3 results on the official IPO site show revenue of $17 billion, more than 12 times a year earlier, and more than 11,900 customers spending over $100,000 a year. Adjusted operating margin was 15%, but $21.9 billion in valuation losses on convertible notes and other items produced a $23.3 billion net loss. Etoday puts annualized revenue at $81 billion as of late October. Anthropic warns there is no guarantee applicants will receive any shares.