Anthropic has set the price range for its initial public offering at $70 to $78 a share and plans to sell 825 million Class A shares on the Nasdaq under the ticker ANT. The company is targeting a valuation of about $1 trillion, or up to $1.4 trillion on a fully diluted basis, which counts all options and convertible securities.Anthropic expects to price the offering on Wednesday, November 18, and begin trading on Thursday, November 19, according to its statements.Annualized Revenue Jumps $10 Billion in OctoberAnthropic said its annualized revenue reached about $81 billion as of October 31, up $10 billion from September 30, a 14% increase in one month (calculated).Investors had been waiting for the October figure, which was left blank in the company’s earlier filing, to see whether growth had picked up again after slowing in the third quarter. Revenue for the first nine months of 2026 was $33.24 billion.$64 Billion IPO Plus a $26 Billion Private PlacementAt the top of the range, the 825 million new shares would raise about $64.35 billion, or $57.75 billion at the bottom (calculated). Existing shareholders will also sell 23,648,646 shares, worth about $1.7 billion to $1.8 billion.Alongside the IPO, Anthropic will sell $26 billion of shares in a private placement at the IPO price. The buyers are Alphabet’s Google, Nvidia, AMD, Broadcom, Micron, Microsoft and TSMC. That brings the total raised to about $90.4 billion, according to Yahoo Finance.On its own, the IPO would rank behind SpaceX’s $75 billion listing in June, unless the deal is increased.Valuation Comes in Below Earlier HopesThe range values Anthropic below the $1.5 trillion to $2 trillion that bankers and investors discussed in recent weeks. At the top of the range, the fully diluted valuation of about $1.4 trillion is roughly 45% above the $965 billion valuation from Anthropic’s May private funding round.Based on October annualized revenue, a $1 trillion valuation is about 12 times revenue, and $1.4 trillion is about 17 times (calculated).The terms follow last week’s selloff in AI stocks, when potential investors told Reuters they wanted a more attractive valuation and doubted a November listing.Pricing Expected November 18Goldman Sachs and Morgan Stanley lead a group of 22 underwriters. The roadshow, the series of meetings where bankers take orders from investors, runs this week ahead of the expected pricing on November 18.

Dangote Refinery attracted applications for about 5.85 trillion naira ($4.1 billion) in shares, nearly three times the amount it sought to raise in the continent’s largest public offering to date, according to Bloomberg, citing people familiar with the matter.

Anthropic is moving forward with its IPO, targeting a valuation of approximately $1 trillion, a reduction from previous expectations; Google, Microsoft, Nvidia, and others plan to subscribe to a $26 billion strategic placement.

ZKsync developer Matter Labs has launched Prividium Connect and deployed it on mainnet. According to Foresight News, the product uses ZKsync’s open-source atomic interoperability protocol to let banks, asset managers and other institutions exchange assets across their existing blockchains without a trusted intermediary. Zero-knowledge proofs check whether both parties meet agreed conditions before a transaction is completed, ensuring that both transfers occur or neither does. If a transaction times out, each party can reclaim its assets. Prividium Connect initially supports Hyperledger Besu and Prividium Ledger. Its potential uses include securities delivery-versus-payment, repurchase agreements, and fund subscriptions and redemptions. Institutions can keep balances, holdings and client information in their own systems and decide what to disclose to auditors and regulators. Matter Labs has also proposed deploying an official version on a public blockchain. Under the proposal, cross-chain fees would be converted into ZK and distributed as determined by governance. The fee switch has been developed and is undergoing an audit; its activation, integration and fee parameters still require governance approval.

According to Jin10, Bank of England Deputy Governor Lombardelli said economic activity was more resilient and disinflation had stalled.

According to Jin10, Bank of England Deputy Governor Lombardelli said conditions for persistent inflation dynamics to emerge over the medium term are becoming clearer.

According to Jin10, Bank of England Deputy Governor Lombardelli said rising unemployment may be less effective than before in easing wage pressures.

On Polymarket, Yellow Submarine’s win probability in the “Dota 2: Yellow Submarine vs. LEGION - 1win Essence Play-in Group B” event’s “Match Winner” submarket fell from 72.5% one hour earlier to 46.5%, a 26% drop. According to ChainCatcher, the odds were monitored on the platform.

October CPI data will be released tonight, and the market has already priced in an 86% rate hike in December; Goldman Sachs expects core CPI to rise by only 0.16% month-on-month, but core PCE will remain high.

Four tokenized lending products have already amassed $1.05 billion in assets. The next round of growth for institutional RWA depends on whether these assets can become eligible collateral in the DeFi lending market.

While Anthropic released the Fable 5.2, which scored 65 points and topped the charts, it also spent $3.4 billion to buy a 1.7 gigawatt gas generator. AI costs are rising along the way from chips and memory to electricity, and new machine deliveries are already scheduled until 2030.

RWA tokenization has been included in the chapter on preventing illegal financial activities in the State Council's financial work report, and the regulatory affiliation of "strictly prohibited domestically and strictly regulated overseas" has been clearly defined.

Morgan Stanley analyst Shawn Kim lowered his price targets for Samsung Electronics and SK Hynix, warning that a "profit cliff" in 2028 could end the memory supercycle, but said valuations have been adjusted and raised Samsung to his top pick.

The day after Jensen Huang admitted to having an affair, Bloomberg revealed that Nvidia's general counsel had called the U.S. Department of Commerce to inquire about the Megaspeed investigation, bringing to light a discrepancy of 50,000 chips.

Coinbase now lets eligible US customers outside New York borrow USDC against PAX Gold (PAXG) in its app, using a new Morpho market on Base. It is the first time Coinbase Borrow has accepted a physical commodity as collateral, and borrowers face variable rates and possible liquidation if the gold price falls.

The sharp drop in US AI stocks has spilled over into the crypto market, with $1.1 billion in leveraged positions being liquidated and Bitcoin falling below $74,000; AI agents are starting to make payments on behalf of others, raising new questions about the boundaries of authority.

Coinbase, Kalshi, Payward and three trading firms asked a New York federal court on 9 November 2026 to let them back the CFTC in a lawsuit over stock-linked perpetual futures, which the Capital Markets Alliance says should fall under the SEC. The judge has refused to halt the products for now, though she has said the alliance's reading looks stronger at this early stage.