Valued at $2 trillion: Anthropic prepares for largest IPO in history
Four months after submitting confidential filings, Claude AI developer unveils public prospectus for Nasdaq listing.
Artificial intelligence firm Anthropic, seen as a key rival to OpenAI, is set to undergo its largest initial public offering ever. Just four months after submitting documents to the US Securities and Exchange Commission, the company unveiled a prospectus for its forthcoming Nasdaq listing. Analysts estimate the AI startup could raise up to $100 billion with a valuation of about $2 trillion, making it the biggest IPO in history, surpassing SpaceX's recent sale.
The company has not yet disclosed its specific target amount or expected valuation. If the offering proceeds as planned, Anthropic will trade under the symbol ANT. Goldman Sachs and Morgan Stanley are leading the roadshow, joined by around 20 other investment banks.
Anthropic's financials reveal significant revenue growth but heavy losses. In the first half of 2026, the company generated $16.29 billion in revenue while logging a net loss of $80.75 billion. Much of this loss is attributed to non-cash accounting expenses, not indicative of actual cash flow.
The surge in demand for Anthropic's Claude Code tool, which enables developers to write and edit code via AI, and wider enterprise adoption are boosting growth. However, the business must continue investing heavily in computing infrastructure and model training to stay competitive against OpenAI and Google.
Anthropic was launched in 2021 by researchers who left OpenAI. CEO Dario Amodei and sister Daniela Amodei, the president, steer the company. In just five years, Anthropic has become one of the most influential players in the AI industry.
If the IPO proceeds as expected, Anthropic will be the first company solely dedicated to developing advanced AI models to go public. OpenAI, Anthropic's main competitor, has also filed confidential documents but is not expected to go public until 2027, focusing instead on raising about $30 billion in the private sector.
The timing of Anthropic's public debut comes as Wall Street grapples with the scale of investments in AI infrastructure and the challenge of generating returns from such substantial expenditures. As a result, the company's IPO is anticipated to be a crucial litmus test for investor sentiment across the entire sector.
Written by urgent.news from Jerusalem Post Tech & Start-Ups's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
