Anthropic, the developer of the AI model Claude, submitted its registration statement (S-1) for an initial public offering (IPO) to the U.S. Securities and Exchange Commission (SEC) on October 26, marking the start of its Nasdaq listing process. This comes about five months after the company filed a draft confidentially in June, revealing its financial statements and risk factors to investors for the first time, allowing the performance of this AI firm, which has relied on private market valuations, to be validated in the public market.
According to the IT industry on October 27, Anthropic stated in its filing that it plans to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol 'ANT.' Goldman Sachs and Morgan Stanley are serving as underwriters for the offering. The number of shares to be offered and the pricing have yet to be determined and will be disclosed in a subsequent prospectus.
The filing highlights both rapid growth and significant investment burdens. In the first half of this year, the company reported revenues of $16.3 billion, approximately 14 times higher than the same period last year. However, during the same timeframe, it incurred a net loss of $80.7 billion, indicating that the costs associated with computing and data center operations necessary for training and servicing AI models are outpacing revenue growth.
This registration statement is a preliminary document before the actual sale of securities, meaning shares cannot be bought or sold until the registration becomes effective. Anthropic plans to proceed with its listing as soon as possible after the registration becomes effective, with reports suggesting a potential listing as early as mid-November.
If successful, Anthropic will become the first major AI-focused company to enter the public market ahead of competitors like OpenAI. In South Korea, SK Telecom established a strategic partnership with Anthropic in 2023, investing $100 million in the company.
* This article has been translated by AI.
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