Anthropic confidentially files IPO prospectus with SEC ahead of landmark deal
AI firm Anthropic said it confidentially filed its IPO S-1 prospectus with the US Securities and Exchange Commission. The move clears a major step in the race against OpenAI and will gauge Wall Street investor appetite for primary-market exposure to artificial intelligence.
CNBC Top NewsAnthropic said it submitted its S-1 draft under the SEC's confidential review path. The company's most recent funding round had valued it at 965 billion dollars, signalling that the listing could rank among the largest primary-market deals in artificial intelligence. According to Wall Street sources, the public filing could appear between September and October.
Morgan Stanley's AI analyst Brian Nowak said confidential filing lets the company test market conditions without disclosing its core customers and revenue mix yet. Bernstein analyst Mark Moerdler estimated Anthropic generates around 5.2 billion dollars in annual revenue through its Claude models, with margins improving year-on-year. Goldman Sachs's Eric Sheridan said the listing could be 'a herald of the AI primary-market opening'.
Former SEC counsel Allison Herren Lee said confidential submission can shorten a company's marketing window, although final disclosure duties remain intact at the last stage. OpenAI has yet to announce a comparable listing plan. Investor appetite is expected to be measured as Nasdaq listing timing becomes clearer. Not investment advice.
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