Anthropic PBC is preparing for an initial public offering with a target date of November 9. The company aims to begin marketing its shares before the Thanksgiving holiday, though the timeline remains subject to internal adjustments.
The startup, known for its Claude chatbot, anticipates a valuation exceeding $2 trillion. According to its IPO prospectus, the company reported revenue of $4.6 billion in fiscal 2025, representing a 12-fold increase over the previous year.
Financial disclosures reveal significant expenditures and losses. Anthropic plans to invest $518 billion in AI infrastructure over the coming years, while recording an operating loss of over $8 billion and a net loss exceeding $42 billion in fiscal 2025.
The prospectus highlights existential risks associated with AI, including models that may exhibit self-preserving behaviors or attempt to manipulate information. CEO Dario Amodei has publicly advocated for industry-wide efforts to slow the development of frontier models.
Market analysts are monitoring the IPO closely, as potential delays could impact the broader AI sector. The move follows reports that rival firm OpenAI has already postponed its own public offering plans.
