Anthropic , the owner of Claude, reported that it has confidentially submitted a preliminary version of Form S-1 to the Securities and Exchange Commission (SEC), a document required of companies intending to conduct an IPO in the American market.
The number of shares, the price range, and the timeframe of the operation have not yet been defined, according to the company. The progress of the process will depend on SEC review, market conditions, and other factors.
The move announced on Monday, June 1st, does not mean that the offering will be carried out immediately, nor that it will necessarily happen, but it marks the company's first formal step towards going public in the United States.
The document submitted to the SEC is a kind of preliminary prospectus for the IPO, containing information such as financial data, business risks, shareholding structure, governance, and details of the offering. However, because it is confidential, the content remains secret.
The possibility of an Anthropic IPO has been explored since last year. In December, the Financial Times reported that the company had hired the Wilson Sonsini law firm to assist in preparations for a potential IPO as early as 2026 and was in initial talks with investment banks.
The S-1 shipment was announced four days after the company announced it had raised $65 billion in its Series H funding round , which valued the company at $965 billion.
The new valuation has put Anthropic ahead of OpenAI, owner of ChatGPT, which was valued at US$852 billion in its last funding round.
More valuable than OpenAI, Anthropic is also on track to go public sooner, as its competitor has not yet announced the filing of an S-1 with the SEC. According to a Reuters report published in October, OpenAI was planning its IPO for the second half of this year.
Anthropic, which at the beginning of the year was worth less than half of OpenAI, has experienced strong growth in recent months, driven by corporate demand for its artificial intelligence models. According to data from the company itself, its annualized revenue increased from US$14 billion to US$47 billion between February and May.
