Anthropic has joined the race to be the first of three potential mega IPOs for AI-related companies this year, after confidentially filing its S-1 with the SEC.
We don’t know yet how much Anthropic will be worth when it lists, but it’s going to be a lot. Most analysts are predicting a valuation in excess of $1 trillion.
In a short statement released on Monday night, Anthropic said it was filing confidentially because:
“This gives us the option to go public after the SEC completes its review. The proposed initial public offering will depend on market conditions and other factors.”
“The number of shares to be offered and the price have not yet been set.”
This is common practise for companies that wish to start the IPO process but not make the specifics of the deal public while the review takes place.
Anthropic is the owner of the Claude and, in recent months, has launched a series of new models and products that many industry players would say have put it ahead of its peer, OpenAI.
OpenAI’s ChatGPT was the leader in the early days of the AI revolution, but Claude is pulling ahead with products like Claude Code, which has become a vital tool for software developers.
Anthropic has added another feather to its cap by being the first of the two to formally set out plans to list on US markets.
Anthropic joins Elon Musk’s SpaceX in announcing plans to IPO in what is set to be a bumper year for mega-cap US IPOs. Anthropic, SpaceX and OpenAI are expected to add between $4 trillion and $5 trillion to US markets when they all list. This is more than the entire market cap of all companies listed in London.