{
  "id": 16752405,
  "title": "Biggest stock listing ever? A look at Anthropic’s IPO by the numbers",
  "url": "https://urgent.news/2026/10/27/biggest-stock-listing-ever-a-look-at-anthropics-ipo-by-the-numbers",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-27T13:20:00.000Z",
  "source": {
    "name": "Fast Company",
    "slug": "fast-company",
    "url": "https://www.fastcompany.com/91630606/biggest-stock-listing-ever-look-anthropics-ipo-numbers"
  },
  "original_language": "en",
  "account": "Anthropic, the artificial intelligence research lab, is on the brink of making history with what could be the largest initial public offering (IPO) ever. The company filed documents on Monday to go public next month, ahead of its main rival, OpenAI, and just months after SpaceX set an all-time record with their own IPO in June, which raised $86 billion. In a 335-page prospectus, Anthropic detailed its rapid revenue growth, though it has yet to turn a profit. The IPO is estimated to bring in up to $100 billion, potentially accelerating the startup's expansion, which was established five years ago. The filing coincides with competitors like OpenAI delaying their public debut until next year, and growing concerns that AI technology could operate beyond human control and potentially cause harm. Anthropic CEO Dario Amodei called for the industry to slow down its rapid development to allow time for safety measures to keep pace. Despite this, the company's significant spending and revenue demonstrate strong momentum. Key figures behind Anthropic's ambitions include an estimated valuation of up to $2 trillion, should it go public, surpassing SpaceX's initial valuation of $1.77 trillion and making it one of the world's most valuable public companies. Nvidia, another key player, leads with a valuation of over $5 trillion. The company currently has $131.7 billion in cash or cash equivalents, with plans to invest heavily in compute and infrastructure, which will result in high capital expenditures. In the first half of the year, Anthropic generated $16.3 billion in revenue, a 14-fold increase from the same period last year. However, the company reported $80.7 billion in net losses, partly due to a $72.4 billion one-time charge for an accounting adjustment related to financing agreements. The lengthy prospectus used 93 pages to outline risk factors for investors, with concerns ranging from the potential for advanced AI systems to pose catastrophic risks to humanity to the lack of profitability. Among its customers, 250 firms each account for $10 million or more in annual revenue, representing approximately 25% of Anthropic's total revenue. The company's top five customers alone account for about $25% of its annual revenue. After going public, Dario Amodei and six other co-founders will hold 50.1% voting power. The company will issue a single share of a Class F common stock to a limited liability company organized by its co-founders. Amodei's sister and Anthropic's president, Daniela Amodei, is among the former OpenAI employees who left the company to create Anthropic in 2021.",
  "summary": "Anthropic has the chance to make history with what could be the biggest initial public offering of stock ever. The artificial intelligence lab filed papers Monday setting up a Wall Street debut next month, ahead of its chief rival OpenAI and just months after SpaceX set records in June with an initial public offering that raised $86 billion. In a 335-page prospectus, the company behind the Claude…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}