Gotrade News - In the US IPO market, Swiss dental company vVARDIS priced its NYSE IPO at $18 per share, below its $21 to $24 range, ahead of a first trade expected November 13, the company announced, as Anthropic is expected to price its Nasdaq IPO in the week of November 16.
Outside public markets, TikTok owner ByteDance plans to buy back up to $6 billion of shares from existing investors at a valuation of about $400 billion, The Information reported, citing a letter to shareholders, according to Reuters. Reuters said it could not immediately verify the report.
The table below sets out where the three deals stand, based on vVARDIS's pricing announcement as carried by Investing.com, Finimize, Renaissance Capital on Anthropic's terms and Reuters on ByteDance.
| Deal | Status | Terms | Source |
|---|
| vVARDIS, NYSE: VVVV | Priced; first trade expected Nov 13, 2026 | 9.72 million shares at $18, below the $21 to $24 range | Company release via Investing.com; Finimize |
| Anthropic, Nasdaq: ANT | Terms set Nov 10; pricing expected week of Nov 16 | 825 million shares at $70 to $78; $26 billion concurrent private placement | Renaissance Capital |
| ByteDance (private) | Buyback plan reported Nov 12 | Up to $6 billion of shares at about a $400 billion valuation | The Information via Reuters |
Renaissance Capital lists Google parent Alphabet (GOOGL), Microsoft (MSFT) and Nvidia (NVDA) among the participants in Anthropic's separate $26 billion private placement at the offer price, alongside AMD, Broadcom, Micron and TSMC.
GOOGL, MSFT and NVDA Market Data
| Ticker | Close | Daily change |
|---|
| GOOGL | $298.70 | +1.79% |
| MSFT | $523.00 | +0.36% |
| NVDA | $166.19 | -4.34% |
Regular-session close on November 12, 2026, New York time. Prices and changes: Yahoo Finance, cross-checked against the closing price on Nasdaq.com.
How Much Did vVARDIS Raise in Its IPO?
vVARDIS sold 9.72 million shares at $18 to raise about $175 million, according to Finimize, after marketing its initial public offering at $21 to $24 per share. The Zug, Switzerland-based company's Class A shares are set to trade on the NYSE under the ticker VVVV, with closing expected on or about November 16, as reported by Investing.com.
Underwriters hold a 30-day option to buy up to 1,458,333 more shares at the IPO price, and Goldman Sachs and J.P. Morgan lead the deal as joint bookrunners, per the same report. Before pricing, Renaissance Capital listed terms of about 9.5 million shares at the range to raise $214 million.
The company sells Curodont, a treatment for early-stage cavities applied in a dental office without drilling or needles, and reaches more than 20,000 US general dental practices, according to Renaissance Capital. Finimize noted that the FDA has not determined Curodont's safety or efficacy, as it is sold in the US as an over-the-counter drug, and that the founding Abivardi sisters have pledged about 10.3 million shares as collateral for personal loans.
In Finimize's reading, pricing below the range shows the IPO window can look open while public investors still demand a discount for uncertainty.
When Is the Anthropic IPO Date?
Anthropic is expected to price its IPO and begin trading on Nasdaq under the ticker ANT in the week of November 16, 2026, according to Renaissance Capital. The company set terms on November 10 to sell 825 million shares, 3% of them from existing holders, at $70 to $78 each, raising about $61 billion.
At the midpoint, the range implies a fully diluted market value of about $1.2 trillion, excluding $111 billion of convertible debt, per Renaissance Capital. At the top of the range with the underwriters' option exercised, the IPO would raise about $74 billion, second only to SpaceX's $75 billion listing, the firm said.
Reuters put the IPO at up to $64.4 billion, with a fully diluted valuation of about $1.4 trillion at the top of the range and about $1 trillion on a non-diluted basis. Investors had earlier discussed a valuation of up to $2 trillion before Anthropic's infrastructure commitments and recent volatility in AI stocks lowered expectations, Reuters reported.
"The timing of this IPO likely contributed to the lighter valuation and lighter cash raise," Jeff Zell, senior research analyst at IPO Boutique, told Reuters.
What Is ByteDance Worth in Its New Buyback?
The planned buyback values ByteDance at about $400 billion, roughly 20% above the about $330 billion used in the previous buyback a year earlier, according to investingLive, citing The Information. Earlier buybacks valued the company at about $268 billion in late 2023 and about $300 billion a year after that, the outlet said.
The new mark still sits below a minority-stake deal that reportedly valued ByteDance at about $480 billion late last year, investingLive added.
How Is the IPO Market Doing in 2026?
The Renaissance IPO Index was down 4.0% for the year as of November 5, against an 8.4% gain in the S&P 500, according to Renaissance Capital, which said tech stocks fell sharply after US midterm results raised fears of an AI crackdown. Higher borrowing costs, geopolitical turmoil and elevated bond yields are weighing on new listings, leaving Anthropic among the few major companies going public this fall, Reuters reported.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
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