# Alphabet Boosts Anthropic Stake Post-IPO

> Google will buy $10 billion of Anthropic shares at IPO price, increasing stake to 3.8% of Alphabet's market cap.
- Title: Alphabet Boosts Anthropic Stake Post-IPO · The Motley Fool
- Summary: Google will buy $10 billion of Anthropic shares at IPO price, increasing stake to 3.8% of Alphabet's market cap.
- Keywords: alphabet, anthropic, ipo, class n shares, google cloud, market cap, The Motley Fool
- Source: The Motley Fool — https://fool.com/investing/2026/11/10/alphabet-is-set-to-become-an-even-bigger-anthropic
- Author: Anders Bylund
- Published: 2026-11-10T20:37:00+00:00
- Read time: 1 min
- Topics: alphabet, anthropic, ipo, class n shares, google cloud, market cap, finance, money
## Alphabet's Google Division Invests in Anthropic
Alphabet's Google division will purchase $10 billion of Anthropic's nonvoting Class N shares at the IPO price.
## IPO Pricing Midpoint
The IPO price range is $70.00 to $78.00 with midpoint at $74.00.
## Google's Stake Increase
Google's Class N holdings rise from 1.65 billion to 1.79 billion shares, an 8.2% increase.
## Stake Value at Midpoint
Google's stake would be worth $132.4 billion, or 3.8% of Alphabet's $3.52 trillion market cap.
## Funding Source
The purchase uses financing committed in March 2026, part of a $20 billion pot.
## Nonvoting Shares
Anthropic's Class N shares provide full economic ownership but zero boardroom votes.
## Google Cloud Commitment
Google Cloud has $121.3 billion in hosting commitments through July 2033.
## Key takeaway

Alphabet's Google division will purchase $10 billion of Anthropic's nonvoting Class N shares at IPO price, raising its stake to 3.8% of Alphabet's $3.52 trillion market cap.