Anthropic publicly files Nasdaq IPO application, targeting listing in the week of November 16
Anthropic has submitted documents to the SEC, planning to list on Nasdaq under the ticker symbol ANT, targeting an IPO in the week of November 16, with Goldman Sachs and Morgan Stanley leading the underwriting. The prospectus shows first-half revenue of $16.29 billion and a net loss of $80.75 billion, and discloses that it will spend up to approximately $114.5 billion with Google by 2033 and at least $110 billion with Amazon by 2036. The company said capital expenditures will increase significantly and that it may need to seek additional financing sooner than expected.
Why read this
SelectedAI score 88
The prospectus discloses Anthropic's revenue, losses, and multiple long-term computing procurement commitments, which can be used to observe its financial and cost structure ahead of the listing.
Topics
Body · AI translation
Related topics top start Related topics top end Futures promotion begin Futures promotion end Miaopai begin Miaopai end Video player start Video player end Market chart begin Market chart end
Anthropic has officially embarked on the path to going public. This company, founded only five years ago and at the core of the generative AI wave, is expected to set a historical record with this IPO.
In a filing submitted to the U.S. Securities and Exchange Commission (SEC), Anthropic disclosed that it plans to list on the Nasdaq exchange under the ticker symbol "ANT," with the goal of holding its IPO during the week of November 16.
The IPO is led by Goldman Sachs and Morgan Stanley, with underwriters including Bank of America, Deutsche Bank, Royal Bank of Canada, UBS Group, JPMorgan Chase, Citi, Bank of Montreal, BNP Paribas, Crédit Agricole and Jefferies.
The company will establish Class T special stock for Class T directors to hold.
In the prospectus, the company disclosed that revenue for the first half of the year was $16.29 billion, compared with $1.16 billion in the same period last year; net loss was $80.75 billion, compared with $12.97 billion in the same period last year; operating loss was $693 million, compared with $2.14 billion in the same period last year.
The company revealed that capital expenditures will increase significantly and that it may need to seek additional financing sooner than currently expected; it will not pay any dividends for the foreseeable future, and it has not reached any agreements for major acquisitions at present; it may issue convertible promissory notes with an aggregate principal amount of up to $42 billion.
The board of directors approved a framework stipulating that each time the stock price rises by 50%, up to Class N shares equivalent to 2% of total share capital may be additionally issued to a public interest fund.
For the nine months ended September 30, no single customer accounted for more than 10% of the company's revenue. 79% of revenue came from customers other than the top five customers.
On the cooperation front, under an agreement with SpaceX AI, the company agreed to spend up to $120.5 billion cumulatively over the period through 2029.
Anthropic will spend up to approximately $114.5 billion with Google by 2033, and Google purchased 38.6 million shares of Class G-2 non-voting redeemable stock.
The company will spend at least $110 billion with Amazon by 2036. Under an April agreement, Amazon will provide up to $20 billion in financing.
Under the Broadcom leasing arrangement, the total rent (excluding interest) the company will pay over the lease term is approximately $161.2 billion.
In the prospectus, Anthropic mentioned concerns that, without appropriate regulation, advanced artificial intelligence systems could pose catastrophic or existential risks to humanity. The company intends to devote a considerable portion of its resources to ensuring the safety of frontier artificial intelligence and to making it benefit broad populations.
Anthropic CEO Dario Amodei co-founded the company in 2021, when he and a small group of researchers left what is now its top rival, OpenAI. Anthropic's Claude series of models and services are sought after by the corporate world, with large numbers of enterprises investing funds in the hope of tapping new growth opportunities and improving internal operational efficiency.
In 2026, the company's pace of expansion clearly accelerated, mainly thanks to the popularity of the AI coding tool Claude Code, as well as high-performance models such as Claude Fable 5 and Mythos 5. Anthropic has been striving to maintain its competitive advantage relative to rivals such as OpenAI and Google; at the same time, its positions on AI safety, regulation and national security issues have come under heavy criticism, and in recent months it has also become embroiled in two widely watched disputes with the U.S. government.
If this listing process proceeds smoothly without being blocked midway, its listing will come immediately after Musk's SpaceX lands on Nasdaq. SpaceX's IPO was the largest ever, ultimately raising $85.7 billion, though the stock has been highly volatile since listing, and last Friday's closing price was already slightly below its opening price on the first day of trading in June.
While preparing for its listing, Anthropic also has to contend with strong panic sentiment on Wall Street: the market is increasingly doubtful whether revenue brought in by AI services can support expectations of trillions of dollars in infrastructure investment. "Neocloud" providers such as CoreWeave and Nebius have recently suffered heavy losses, with their market value falling more than 30% in October amid rising credit risk across the data center industry. news_keyword_pub,usstock,GOOG&AMZN&GS&BAC&JPM&MS&.IXIC&UBS&RY&BMO&CRARY&BNPQY iframe below main text iframe below main text General statement General statement QR code at end start QR code at end start
QR code at end start QR code at end start Editor name and work code
Editor name and work code