Ed Zitron says Anthropic's IPO is misleading investors
On October 26, 2026, Anthropic publicly submitted its Form S-1 registration statement, planning to list on Nasdaq under the ticker ANT. The prospectus disclosed revenue of $16.3 billion for the first half of 2026 and Q2 operating profit of $974 million. On October 27, Anthropic reiterated in the cover letter of its IPO filing that Claude will not display ads; on October 28, it acknowledged that its life sciences business lacks physical laboratory experience, and on the same day Goldman Sachs served as lead underwriter, with TechCrunch reporting that public shareholders have almost no say over board candidates. On October 29, the prospectus disclosed four previously unreported Agent safety incidents. On October 30, Reuters reported that it plans to raise up to $100 billion, while Steve Eisman accused the prospectus of deliberately withholding third-quarter data. On November 2, Anthropic plans to raise up to $3.5 billion from Japanese investors in the IPO.
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View story:Anthropic Publicly Submits S-1 Registration Statement for Proposed IPO on Nasdaq