Neither the price range nor the number of shares to be offered has been set. The prospectus remains preliminary: securities cannot be sold before the registration becomes effective.
The Claude developer reports $16.3 billion in revenue for the first half of 2026, compared with $4.6 billion for all of 2025, and $9 billion in infrastructure spending during that half-year. These figures show the scale of its business and computing requirements; they establish neither the proceeds of the offering nor its final valuation.