Anthropic Plans to Go Public as Early as Mid-November... "Valuation Up to $2 Trillion"

Bloomberg: IPO Marketing Could Begin Week of November 9

Antrhopic, the developer behind the generative artificial intelligence (AI) model Claude, is aiming for a stock market listing as early as mid-November. Despite heightened uncertainty in the IPO market due to recent controversies over AI safety and the poor performance of newly listed stocks, potential investors are reportedly valuing Anthropic at up to $2 trillion.

According to Bloomberg News on October 1 (local time), Anthropic is set to launch formal IPO marketing as early as the second week of November. If the process proceeds on schedule, its shares could be traded on the stock market before Thanksgiving on November 26.

Anthropic had originally been preparing to release its IPO filing sometime after the summer but postponed its listing plans. Sources said the company is still expected to go public by the end of the year at the latest, but the timeline remains subject to further change as discussions are ongoing.

The market has been estimating Anthropic's fair valuation at between $1.8 trillion and $2 trillion. Bloomberg previously reported that Anthropic is aiming to raise funds on a scale matching or even exceeding the record-breaking IPO of SpaceX.

This optimism is thanks to Anthropic's rapid revenue growth. Last year, Anthropic posted revenue of approximately $4.6 billion—more than 14 times higher than the previous year’s $386 million. However, operating losses also increased during the same period to over $8 billion. Net losses surged to around $42 billion, a fivefold increase year-over-year. Notably, over $34 billion of this reflected losses from changes in the fair value of debt, meaning that most of the net loss arose from accounting revaluation effects.

In particular, the market is paying attention to AI safety concerns that have been raised ahead of the IPO. Recent incidents of AI agent hacking have intensified worries over AI safety. Anthropic is reported to have stated in its IPO filing that while AI can dramatically boost productivity, it could also cause severe risks, such as autonomous actions.

Dario Amodei, CEO of Anthropic, also wrote on the company’s website arguing that the pace of new AI model development should be slowed down.

This content was produced with the assistance of AI translation services.