In doing so, Anthropic, which produces the large language model Claude, edged ahead in its fierce competition against rival OpenAI. Analysts have argued that being first to go public could be decisive because investors may not have the appetite for two major AI IPOs at once.The announcement is nonbinding, meaning that Anthropic could still back out while the SEC completes its review. Anthropic’s filing begins the SEC process, though it does not set a concrete timeline.
The number of shares to be offered and the price at which those shares will be offered have yet to be set, according to the company’s press release.
“The proposed initial public offering will depend on market conditions and other factors,” the statement read.
The company announced last week that it raised $65 billion in Series H funding as part of a round led by the firms Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital. Series H rounds are late-stage opportunities for venture capitalists to invest in mature companies, often before those companies go public.
Anthropic’s announcement gave the company an expected valuation of $965 billion. A public offering would give Anthropic a cash infusion that would continue funding its research and infrastructure blitz.
