San Francisco-based artificial intelligence company Anthropic has taken a significant step toward going public by filing a confidential draft registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO). The announcement was made on Monday (June 1), following a recent private funding round that valued the company at an impressive $965 billion.
Anthropic, founded in 2021 by former OpenAI employees, including siblings Dario and Daniela Amodei, has rapidly become one of the leading AI companies. The company is known for its Claude chatbot, which competes with OpenAI’s ChatGPT and Google’s Gemini. The confidential filing allows Anthropic to begin the SEC review process while keeping detailed financial information private. The number of shares and price range for the IPO have not yet been determined, and the timing will depend on market conditions and other factors.
Anthropic’s recent $65 billion Series H funding round, led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital, has further solidified its position in the AI industry. The company reported annualized revenue of $47 billion, driven by demand for its AI tools used by businesses, software developers, and governments. According to The San Francisco Chronicle, Anthropic’s second-quarter revenue is on track to more than double from the previous year, potentially marking its first profitable quarter.
Wedbush Securities analyst Dan Ives noted that Anthropic’s move to go public represents a major step in getting ahead of its rival, OpenAI, and could signal the opening of the IPO market, which has been relatively dormant. OpenAI, valued at $852 billion after a recent fundraising round, has not yet filed IPO paperwork. Meanwhile, Elon Musk’s SpaceX is also preparing to go public, with a valuation between $1.75 trillion and $1.8 trillion.
Anthropic’s potential IPO could surpass the biggest U.S. stock market debut to date, which was Alibaba’s $231 billion valuation on its first day of trading in 2014. The company’s growth has been fueled by its commitment to AI safety, reliability, and interpretability, as well as its expansion into workplace tools like Claude Code, a coding assistant.
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