Anthropic confidentially files to go public

Summary

• Anthropic filed confidential plans for an initial public offering, setting up one of the most anticipated market debuts in years.
• The AI company recently raised $65 billion, bringing its valuation to $965 billion and surpassing rival OpenAI.
• An IPO would provide the first concrete look at Anthropic’s financial data amid concerns about an AI bubble.

AI-generated summary was reviewed by a CNN editor.

Anthropic on Monday said it filed confidential plans for an initial public offering, setting it up for what’s expected to be one of the most anticipated market debuts in years.

The company said it hasn’t yet determined how many shares it will sell or at what price. But the registration statement to the Securities and Exchange Commission paves the way “for a proposed initial public offering of our common stock,” Anthropic said.

Anthropic’s is one of three highly anticipated AI initial public offerings expected for this year, along with OpenAI and SpaceX — allowing retail investors to get in on some of the most valuable AI startups and giving early investors the chance for huge paydays.

The announcement came after Anthropic said last week that it raised another $65 billion, valuing the company at $965 billion.

Anthropic has become a major player in artificial intelligence, although that’s also brought some challenges. Earlier this year it was caught in a public feud with the White House and Defense Department over the use of its technology. And its powerful AI model Mythos has also raised cybersecurity concerns in the government and on Wall Street.

But Anthropic has also rapidly expanded its offerings to businesses this year, building on the popularity of its Claude Code AI software development tool.

Anthropic has been gaining ground in the competition with its chief rival, OpenAI. Its new valuation puts it ahead of the $852 billion valuation OpenAI reached in March. Anthropic this spring also surged past OpenAI in business adoption of its enterprise tools, according to data from the fintech firm Ramp.

Yet it faces fresh competition from OpenAI and Google as both companies update and improve their own coding tools. An initial public offering would also provide the first concrete window into the company’s financial data as concerns about an AI bubble have simmered over the past year.

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