AI company Anthropic files its IPO in hopes of raising $100 billion

Artificial intelligence firm Anthropic announced on Monday its intention to go public, potentially raising a staggering $100 billion. The initial public offering (IPO) may occur as early as November, with analysts estimating its valuation to be between $1.5 trillion and $2 trillion. The seven co-founders, including siblings Dario and Daniela Amodei, expressed their confidence in AI's significance, stating, "We believe AI is one of the most consequential technologies in human history."

Anthropic, which was established merely five years ago, aims to utilize the capital from the IPO to expand rapidly. The company plans to list on the Nasdaq under the ticker symbol ANT, but has not disclosed the number of shares or the initial price. Originally founded by ex-OpenAI employees in 2021, Anthropic addressed AI's societal risks, asserting that leadership may need to make unusual decisions to slow development, even if it means falling behind competitors.

The IPO filing with the Securities and Exchange Commission in June allowed the agency ample time to evaluate Anthropic's financial standing before making it public. Lead underwriters for the IPO are Goldman Sachs and Morgan Stanley. Founded by individuals who left OpenAI, the San Francisco-based company has experienced substantial revenue growth but has yet to turn a profit, similar to its AI counterparts.

In the first half of 2026, Anthropic reported a net loss of $80.7 billion, compared to a loss of $13 billion in the same period a year earlier. Despite these losses, the company reported having $112.4 billion in cash and cash equivalents as of June 30. The IPO, if successful, would surpass the record set by Elon Musk's SpaceX, which raised $86 billion in its record-breaking IPO.