Anthropic Filed for an Initial Public Offering

IBL News | New York

Anthropic confidentially submitted yesterday a draft registration statement on Form S-1 to the U.S. SEC for a proposed (IPO) initial public offering, which is expected to be among the biggest ever.

This move gave the AI start-up the option to go public after the SEC completes its review. The timing of the proposed initial public offering will depend on market conditions, but experts predict it could happen as soon as this fall. The company didn’t provide details on the size, number of shares to be offered, or the IPO price.

With its IPO filing, Anthropic is expected to be among three high-profile companies preparing to go public this year, along with Elon Musk’s SpaceX (expected this month) and OpenAI (preparing to file in the coming weeks).

Last week, Anthropic officially passed OpenAI as the world’s highest-flying AI start-up with a valuation of $900 billion. OpenAI’s last valuation was $730 billion. (iblnews.org: Anthropic Surpasses OpenAI as the World’s Most Valuable AI Start-Up)

In a statement, Anthropic said the filing “gives us the option to go public” after a review of its paperwork by the Securities and Exchange Commission (SEC).