Anthropic Files For US IPO To Go Public On Nasdaq; Goldman Sachs, Morgan Stanley Among Bookrunners
Anthropic has not said how many shares it plans to sell or what price it expects to set for them in the filing.
- Anthropic filed to sell shares to the public in the US and list its Class A shares on Nasdaq under the symbol "ANT".
- Goldman Sachs and Morgan Stanley are leading the IPO offering for Anthropic.
- Anthropic reported $16.3 billion in revenue and an $80.7 billion net loss in the first half of 2024.
Anthropic PBC has officially filed paperwork for an initial public offering (IPO) in the US. This is an important step towards possibly selling its shares on the stock market, as more investors show interest in companies that develop artificial intelligence (AI).
The AI company has applied to list its Class A common shares on the Nasdaq Global Select Market under the stock symbol "ANT". The filing was made with the US Securities and Exchange Commission (SEC). Goldman Sachs and Morgan Stanley are among the main banks managing the share offering.
Anthropic has not said how many shares it plans to sell or what price range it expects to set. The offering will include shares sold by the company and extra shares sold by current shareholders. Anthropic will not receive any money from shares sold by these existing investors.
The company said that its Class A common shares have not been traded on a public stock market before this offering.
Media reports have suggested that the IPO could value Anthropic at as much as $2 trillion. However, the company has not confirmed this value or shared the final details of the offering.
Anthropic IPO: Revenue, Losses And Financial Risks
According to figures in the filing, Anthropic reported revenue of $16.3 billion in the first half of the year. It also reported a net loss of $80.7 billion during the same period.
The filing warns that Anthropic may not become profitable or stay profitable in the future. This highlights the financial risks linked to the company's growth and its investment in the computer systems and other equipment needed to develop AI.
Anthropic also reported major spending plans. These include plans to spend about $114.5 billion with Google through 2033.
The company said it has more than 1,900 customers who each generated over $1 million in revenue over the previous 12 months. This shows how large its business serving other companies has become.
AI IPO To Test Investor Appetite
Anthropic's public filing comes as investors weigh the possible growth of AI businesses against the high costs of building and running advanced AI models. If the listing succeeds, it could give investors a new way to invest in the AI industry. It could also provide a clearer stock-market value for one of the major companies developing advanced AI systems.
However, the IPO will also test whether Wall Street investors are willing to invest in AI companies. This comes as members of the public, policymakers and technology experts raise concerns about the risks of the technology.
Anthropic's filing warns that advanced AI could pose potentially catastrophic risks and even threaten humanity's existence. These warnings reflect the wider debate about AI safety and the possible effects of systems that become more capable over time.
As a result, people will watch the company's stock-market debut not only to see its possible value and how much investors want to buy its shares, but also to see how public-market investors judge its growth prospects, spending plans, chances of becoming profitable and the risks linked to advanced AI.