Anthropic targets mega-IPO before US Thanksgiving holiday
The firm behind Claude could start formal marketing for its initial public offering as soon as the week of Nov 9.
Anthropic, a leading artificial intelligence model maker, is planning to go public as early as mid-November, according to sources familiar with the matter. The company aims to start formal marketing for its initial public offering (IPO) as soon as the week of November 9, putting it on track to debut before the US Thanksgiving holiday on November 26.
Despite the typical pause in dealmaking during the holiday period, Anthropic is expected to make its debut no later than the end of 2026, sources say. The AI developer had previously intended to file for an IPO after the summer, as reported by Bloomberg News.
Currently, Anthropic is facing increased competition from tech giants like OpenAI, which has seen sales growth in recent months. The companies are also under scrutiny due to high-profile hacking incidents involving rogue agents, raising concerns about the potential impact on Anthropic's market debut. In response to these concerns, Anthropic's CEO, Dario Amodei, published an essay on his personal website, advocating for a slowdown in the rapid advancement of new AI models.
Despite the concerns, potential investors remain optimistic about Anthropic's market valuation, estimating it to be between US$1.8 trillion and US$2 trillion. The company anticipates matching or surpassing the size of SpaceX's IPO, which has reportedly been noted as a target benchmark for Anthropic. In 2025, Anthropic reported a net loss of almost US$42 billion, a fivefold increase from US$8.3 billion the previous year.
The company's full-year revenue reached approximately $4.6 billion, up significantly from $386 million the year before, although its operating loss grew to more than $8 billion.
The bulk of the net loss was attributed to a surge in the change in fair value of Anthropic's liabilities, accounting for over US$34 billion of the company's annual losses. Earlier this year, Anthropic was set to meet prospective investors on October 14 at its San Francisco headquarters to prepare for the IPO. A spokesperson for Anthropic did not provide a comment on the matter.
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