Anthropic's S-1 shows a governance structure that suits a "fun quirky little mission-driven worker cooperative" seeking to raise billions as a public company (Matt Levine/Bloomberg)

Artificial intelligence company Anthropic has announced plans to go public through an initial public offering (IPO) with a potential filing as early as November. The company disclosed revenue exceeding $16 billion and a net loss of $80 billion for the first half of 2026. Anthropic has submitted an S-1 registration statement to the US Securities and Exchange Commission (SEC), signaling its intention to list Class A common stock on the Nasdaq Global Select Market under the ticker symbol ANT.

The firm was established in 2021 by former executives from AI company OpenAI. Reports suggest Anthropic may raise up to $100 billion through its IPO, resulting in a valuation of $2 trillion. Notably, OpenAI has postponed its own IPO due to CEO Sam Altman's declaration in September that 2026 was an "unfavorable time" to execute a public offering.

Anthropic holds over $112 billion in cash and cash equivalents, as well as $19 billion in short-term investments, as of June 30. The company has also expressed concerns regarding the potential autonomous spread of "AI worms" across devices.