Anthropic has filed its long-awaited IPO prospectus, marking the start of one of the largest-ever initial public offerings. The AI developer behind Claude disclosed $16.3bn in revenue for H1 2026, up from $1.2bn the previous year, alongside $81bn in net losses for the same period. The losses stem primarily from $72bn in valuation adjustments on convertible notes and $9bn in computing infrastructure costs.
The company, valued at $965bn in May after rising from $183bn a year earlier, plans to list on Nasdaq under ticker ANT as early as next month. However, it did not disclose its target valuation. The IPO presents a complex governance structure that gives ordinary shareholders minimal power, alongside significant financial and societal risks.
This filing serves as a crucial test of investor appetite for the AI boom, with Meta also planning a $95bn stock offering backed by Nvidia, AMD, and Broadcom to fuel AI infrastructure spending.
Source: Financial Times Companies · Summarized by HeadlinesBriefing