Anthropic was submitted confidentially formalities related to the initial public offering, which will take place on Monday, which will be the first step on the way to the company’s blockbuster debut A $965 billion company. The filing with U.S. regulators marks another entry in what looks to be a historic year for IPOs as artificial intelligence labs compete to fund their high-priced research.
Anthropic announced the filing in two paragraphs without a signature blog entrynoting that no amount has been set it wants to raise or at what valuation. The company said the timing of the initial public offering “will depend on market conditions and other factors.” The announcement comes just days after being unveiled by Anthropic $65 billion collection round.
The company declined to comment beyond its blog.
Anthropic, led by CEO Dario Amodei, joins a crowded space. There are rumors that OpenAI will be targeting its own IPO as early as September. SpaceX, the owner of the xAI company founded by Elon Musk, confidentially submitted IPO documents in April and published them on May 20. It is currently planning a stock market debut on June 12 and a valuation of $1.75 trillion. Reuters reported.
Three companies are racing to secure access to financing that would lend a hand pay for the computing resources required to train increasingly effective pioneering artificial intelligence models. Anthropic’s annual revenue, based on sales during an unspecified time frame last month, was $47 billion, the company said last week. However, it spent more money on cloud computing and thousands of employees, which led to losses.
Monday’s filing with the U.S. Securities and Exchange Commission allows regulators to provide feedback on a lengthy document that discusses Anthropic’s goals, finances and challenges. (The company may then make changes based on this feedback.) Preparations for an initial public offering are complicated and require companies to improve their accounting, tighten various internal policies and provide investors with a clear sales pitch.
The long-awaited debut could send a wave of wealth throughout San Francisco, where Anthropic is headquartered. Some Anthropic employees had previously converted some of their shares into cash by selling them privately to investors ahead of the IPO. However, more Anthropic employees could cash out or sell larger shares through the IPO process, turning dozens or even hundreds of paper millionaires and billionaires into real ones.
The IPO could also be a boon for vast shareholders like Amazon and investors who made some of the first bets on the company, including Skype co-founder Jaan Tallinn.
If all goes well, Anthropic’s IPO could rival SpaceX’s and be the largest in history. But Anthropic’s complicated corporate structure and management, including its status as a public benefit corporation that is partly governed by a committee the company calls the Long-Term Benefit Trust, could lead to both delays and a reduced valuation.
Anthropic stands out from other AI labs by focusing primarily on courting business customers. Its code writing model, Claude Code, is widely considered best in class.
But the company faced some setbacks. Earlier this year, U.S. Secretary of Defense Pete Hegseth sanctioned Anthropic under two different government supply chain regulations, ordering the removal of Claude AI models from the military and other federal agencies. Hegseth viewed the company’s ethical approach – including its resistance to using Claude unsupervised in high-stakes scenarios – as a threat to national security. In particular, Anthropic executives have adamantly maintained that the government’s willingness to potentially unilaterally deploy nascent AI models for tasks such as weapons targeting and mass domestic surveillance is not a apply case the company will allow.
Executives say the designations could cost Anthropic billions of dollars in sales this year. Anthropic has applied for their repeal in ongoing court disputes.