Anthropic IPO: date, price and how to buy ANT shares in the UAE

Anthropic, the company that develops the Claude AI models, is about to list on the Nasdaq under the ticker ANT. On 10 November 2026 it set a price range of USD 70 to 78 per share, and it expects the shares to start trading on 19 November. Below we explain the numbers behind the IPO, why UAE residents cannot subscribe at the offer price and how to buy the shares, or trade them as a CFD, from the UAE.

Quick answer:

• When: pricing on 18 November and first trading day on 19 November 2026 (expected).
• Price: USD 70 to 78 per share (about AED 257 to 286).
• Where: Nasdaq Global Select Market, ticker ANT.
• IPO subscription from the UAE: not available. The UAE is not on Anthropic's list of retail offerings.
• How: buy the shares from the first trading day through a broker with US stocks, or trade ANT as a CFD.
• Halal: not Shariah-compliant at listing under AAOIFI screens, mainly because interest income is above the 5% limit.

What is Anthropic?

Anthropic is a San Francisco AI company founded in 2021 by seven co-founders, several of them from OpenAI, including siblings Dario Amodei (CEO) and Daniela Amodei (President). Its main product is Claude, a family of AI models that companies pay for by usage, plus Claude Code for programmers and subscription apps such as Claude Pro and Max. Claude is also sold through Amazon Web Services, Google Cloud and Microsoft Azure.

Claude has no shares of its own. Anyone searching for a "Claude IPO" is looking for the Anthropic IPO.

Anthropic is a public benefit corporation (PBC) under Delaware law. Its board has to balance shareholders' financial interests with the company's mission, the responsible development of advanced AI. That matters for anyone buying the shares, as we explain below.

Anthropic IPO: key numbers

^{Source: Anthropic S-1 (26 October 2026), roadshow announcement and Anthropic IPO site (10 November 2026). AED values at the 3.6725 dirham peg.}

At the top of the range, CNBC estimates a fully diluted valuation of about USD 1.4 trillion. Anthropic has not confirmed that figure.

Revenue grew from USD 41 million in 2023 to USD 16.29 billion in the first half of 2026 alone, and the amended S-1 added about USD 17 billion in third-quarter revenue. The company still reports losses: a net loss of USD 80.75 billion in H1 2026. Most of it is an accounting charge of USD 72.4 billion on convertible notes, which rose in value as the company's valuation went up, with no cash leaving the business. The operating loss in the same period was USD 693 million.

Can UAE residents subscribe to the Anthropic IPO?

No. Anthropic lists the countries where it expects retail investors to get shares at the offer price: Australia, Canada, Japan, Switzerland, the UK and nine EEA countries (Denmark, Finland, France, Germany, Ireland, the Netherlands, Norway, Spain and Sweden). The UAE is not on the list, and Anthropic says it has not authorised any other firm to offer access to the shares in those jurisdictions.

For UAE investors, this means the first chance to buy is on the Nasdaq once ANT starts trading, at the market price. Be wary of anyone offering Anthropic shares "before the IPO", tokenised shares or SPV units. Anthropic warns that share transfers without board approval are void. Check any platform against our Broker Warning List before sending money.

How to buy Anthropic shares in the UAE

From the first trading day, ANT can be bought like any other US stock through a broker with access to the Nasdaq. These UAE-regulated or UAE-available brokers offer US shares:

• XTB: CMA-regulated mainland entity, 0% commission on stocks up to EUR 100,000 of monthly turnover and a 0.5% currency conversion fee. New UAE clients can also get 10 free Emaar shares.
• eToro: regulated in the ADGM, with real US shares and fractional investing.
• Interactive Brokers: the widest market access for larger portfolios.
• Sarwa: a UAE-based app with US stocks and ETFs.

None of these brokers has confirmed yet that ANT will be tradable on the first day. Open and fund your account before 19 November so that the identity check is done in time. For a full comparison, see our guide to the best stock brokers in the UAE.

Before you buy, keep three points in mind:

• Timing: the Nasdaq opens at 18:30 UAE time, but the first trade in a new IPO usually happens hours later, once the opening price is set from the orders collected. That price can land well above or below the USD 70 to 78 range.
• Limit order: prices can swing sharply in the first sessions after an IPO. A limit order makes sure you don't pay more than the price you set.
• Currency: ANT trades in US dollars. The dirham is pegged to the dollar, so an AED account mostly faces the broker's conversion fee, not exchange rate risk.

Trading Anthropic as a CFD: the Plus500 pre-order

A CFD (contract for difference) lets you speculate on the ANT price without owning the shares. You get no voting rights and no ownership, and positions usually use leverage, which multiplies both gains and losses. You can also go short, betting on a falling price.

Plus500 already lets clients place a pre-order on the ANT CFD before the debut. It is a Market on Open order: Plus500 executes it at the first quoted rate on its platform once the underlying market opens, so the price you get depends on where ANT starts trading, not on the IPO range. Once ANT is live, Plus500 says it can be traded 24/5, with Buy and Sell positions available.

In the UAE, the CFDs are issued by Plus500Gulf Securities LLC, licensed by the CMA (licence no. 20200000232). Plus500AE Ltd, regulated by the DFSA in the DIFC, only helps with account opening and does not hold client money. The minimum deposit is USD 100 and AED deposits are accepted. The leverage for ANT is shown in the instrument details on the platform. Positions held past the daily cut-off pay an overnight funding charge, and Plus500's UAE fee page does not mention a swap-free (Islamic) account. Read our Plus500 review for fees and platform details.

A pre-order on the first day of a large IPO carries specific risks. The opening price can gap far from what you expected and, with leverage, a sharp move in the first minutes can trigger a margin call. If you want to own Anthropic for the long term, the share is the better fit. The CFD suits short-term trading only. Our guide to the best CFD brokers in the UAE explains how CFDs work.

_{Plus500 risk warning: CFDs are complex leverage-based over-the-counter derivatives which carry a high level of risk and are not suitable for everyone. Your capital is at risk. You should carefully consider your objectives, financial situation, needs and experience level.}

Is Anthropic stock halal?

Not at the IPO, according to the main Shariah screeners. Anthropic's business, selling AI models and software, is permissible. The problem is interest income. AAOIFI Shariah Standard 21 caps interest and other non-permissible income at 5% of total income. In the first half of 2026, Anthropic earned about USD 1.11 billion in interest, or 6.4% of USD 17.40 billion in total income including interest. MuslimXchange and Zoya both rate ANT as not Shariah-compliant.

The rating could change. The interest share fell from 62.7% in 2023 to 21.5% in 2024, 8.6% in 2025 and 6.4% in H1 2026. On the other hand, the cash raised in the IPO will add to the balances that earn interest. Check a Shariah screener again before you buy, because ratings are updated as new accounts come out. A CFD on ANT tracks the same company, so it does not change the screening result, and the overnight funding charge on CFDs is a separate issue for Muslim investors.

Tax on Anthropic shares for UAE residents

The UAE has no personal income tax, so UAE tax residents pay no tax in the UAE on gains from ANT. Anthropic does not expect to pay dividends in the foreseeable future, so US withholding tax on dividends is not a concern for now.

One point is easy to miss: US shares held by non-US persons can be subject to the US estate tax when the holder dies, with an exemption of only USD 60,000 for non-residents. If your US portfolio is large, speak to a tax adviser. Expats who are still tax residents in their home country should check their own rules.

Is the Anthropic IPO worth it?

Few companies have grown this fast: from USD 41 million in revenue in 2023 to more than 1,900 clients paying over USD 1 million a year by September 2026. However, the company is still loss-making in its audited accounts, has signed very large multi-year computing contracts and public shareholders will have little say in how it is run:

• Control: the seven co-founders keep 50.1% of the votes through a special share class, and an independent Long-Term Benefit Trust elects most of the board. Anthropic qualifies as a "controlled company" under Nasdaq rules.
• Mission first: as a public benefit corporation, the board weighs the mission alongside shareholder returns. The S-1 warns this may affect the share price.
• IPO track record: on average, IPO shares rise on the first day, but that gain goes mostly to those who buy at the offer price. Over the next three years, IPOs have tended to lag the market.

If you decide to invest, use a part of your portfolio you can afford to put at risk and read the S-1 first, not just the headlines.

Frequently asked questions

When is the Anthropic IPO?

Anthropic expects to price the offering on 18 November 2026 and to start trading on the Nasdaq on 19 November. The dates can still change.

What is the Anthropic stock ticker?

The Class A shares will trade on the Nasdaq Global Select Market under the ticker ANT.

Can I buy Anthropic shares in Dubai or Abu Dhabi?

Yes, from the first trading day, through a broker with access to US stocks. Subscribing at the IPO price is not available to UAE residents, because the UAE is not part of Anthropic's retail offering.

Is there a Claude IPO?

No. Claude is developed by Anthropic, so the Claude IPO is the Anthropic IPO, ticker ANT.

Can I trade Anthropic before it lists?

Not the shares. Some brokers, such as Plus500, accept CFD pre-orders that are executed when ANT starts trading. A CFD does not make you a shareholder.

Does Anthropic make a profit?

Not in its audited accounts. In H1 2026 it reported an operating loss of USD 693 million and a net loss of USD 80.75 billion, mostly from an accounting charge on convertible notes.

Is Anthropic stock halal?

Not at listing, according to MuslimXchange and Zoya. Interest income was 6.4% of total income in H1 2026, above the 5% AAOIFI limit. The business itself is permissible, so the rating may change as new accounts come out.

^{This article is for informational purposes only and does not constitute financial advice. It contains affiliate links. Our editorial opinions remain independent. Figures refer to Anthropic's filings and announcements up to 12 November 2026 and may change before the listing. Shariah ratings come from third-party screeners and can change. Investing in individual shares carries a risk of losing the capital invested. CFDs are complex, leveraged instruments and most retail investor accounts lose money trading them.}