Anthropic sets course for public market debut
The Claude AI maker, which is valued at nearly $1 trillion, has taken the lead over rival OpenAI in the race to become a publicly traded company.
AI major Anthropic has submitted a confidential S-1 prospectus to the US Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO).
In doing so, the Claude AI maker, which is valued at nearly $1 trillion, has taken the lead over rival OpenAI in the race to become a publicly traded company.
“This gives us the option to go public after the SEC completes its review. The proposed initial public offering will depend on market conditions and other factors,” Anthropic said.
The development comes a few days after Anthropic leapfrogged OpenAI in valuation for the first time after securing $65 billion in Series H funding at a post-money valuation of $965 billion.
By choosing a confidential filing, Anthropic can withhold details such as its financial performance, risk disclosures, share structure and intended pricing until the final stages of the listing process.
Its market debut is expected to coincide with that of SpaceX, setting up competition for investor attention and capital between two of the most closely watched prospective flotations.
SpaceX is pressing ahead with plans to list on Nasdaq, in what could become the largest IPO in history. The Elon Musk-led company is targeting proceeds of between $75 billion and $86.5 billion, implying a valuation of up to $2 trillion.
Anthropic was founded in 2021 by siblings Dario and Daniela Amodei, former senior researchers and executives at OpenAI. They were joined by several other core safety researchers who left OpenAI.
Edited by Megha Reddy