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According to Reuters, citing people familiar with the matter, Anthropic plans to publicly release its prospectus as early as late October and complete its IPO in mid-November, with institutional roadshows expected to begin the week of November 9 and a potential valuation of $1.5 trillion. A draft prospectus previously reported by the media shows that Anthropic had revenue of $16.3 billion in the first half of 2026 and a net loss of $80.7 billion, of which about $72 billion came from the revaluation of financing instruments such as convertible notes and was not an actual cash expenditure; compute and infrastructure spending in the first half of the year was nearly $9 billion, accounting for about 55% of revenue, and on an adjusted basis the company had already begun to be profitable in the third quarter. The IPO process is still at the planning stage, and the specific timing and valuation are subject to official disclosure.
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Reports and discussion timeline
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Oct 25
Wallstreetcn
Next Week's Major Events: Fed Decision and Tech Giants' Earnings Arrive Together—Can AI Trades Save Themselves?
In the week of October 26 to November 1, the Fed will announce its interest rate decision in the early hours of October 29; 94% of economists expect rates to remain unchanged at 3.75%-4.00%. A super earnings week led by Google, Microsoft, Amazon, and Intel arrives at the same time, and the market will test whether results can reverse the slump in AI trades. Anthropic plans to publish its prospectus as early as the end of October and complete its IPO by mid-November; Apple will hold an event on October 29 to launch its first touchscreen MacBook Pro, and Apple Intelligence in China will integrate Alibaba's Qwen.
Oct 23
Wallstreetcn
Anthropic plans to complete its IPO in mid-November, with a $1.5 trillion valuation facing a liquidity test
According to Reuters citing people familiar with the matter, Anthropic plans to make its prospectus public as early as late October and complete its IPO in mid-November, with institutional roadshows expected to begin in the week of November 9, and a potential valuation of $1.5 trillion. During the same period, AI infrastructure companies such as Switch, Nscale, and SoftBank's SB Energy have postponed, suspended, or withdrawn their listing plans. The draft prospectus shows that Anthropic's revenue in the first half of 2026 was $16.3 billion, with a net loss of $80.7 billion, of which about $72 billion came from accounting valuation changes in financing instruments such as convertible notes; third-quarter revenue was $16.8 billion, up about 45% quarter-on-quarter.
Oct 22
Huxiu
Anthropic IPO Draft Prospectus Revealed: $16.3 Billion in Revenue, $80.7 Billion Net Loss in Half a Year
Anthropic's draft IPO prospectus shows $16.3 billion in revenue and a net loss of $80.7 billion in the first half of 2026, of which $72 billion comes from the revaluation of financing instruments such as convertible notes and is not actual cash spending. Computing and infrastructure spending in the first half of the year was nearly $9 billion, about 55% of revenue, down from more than 200% in the same period last year, and the company had already begun to be profitable on an adjusted basis in the third quarter. The article points out that the real risk lies on the cost side: signed forward computing and infrastructure commitments exceed $600 billion and could reach as high as $750 billion; Reuters said that of the $518 billion at the time, about 80% was irrevocable or required minimum payments, while of the $16.3 billion in revenue in the first half of 2026, more than $3.2 billion came from just two major customers, and many major customers had not signed long-term purchase commitments.