Anthropic to List on Nasdaq Under Ticker Symbol ANT
The IPO is expected to take place later in November, according to a recent report, with Anthropic seeking to raise over $100 billion with a valuation of approximately $2 trillion.
Anthropic's highly anticipated initial public offering (IPO) is moving forward, with the artificial intelligence company set to list on Nasdaq under the ticker symbol ANT.
The IPO is expected to take place later in November, according to a recent report. However, crucial details about the size of the offering and its targeted valuation remain unclear at this time. The company had previously indicated it was seeking to raise over $100 billion with a valuation of approximately $2 trillion.
Anthropic's S-1 prospectus offers a glimpse into the company's finances for the first half of 2026, as well as its revenue growth in 2025. The filing highlights the significant expansion of the company's enterprise business, which has seen substantial investment from clients.
The paperwork also sheds light on Anthropic's customer base, with over 11,900 customers spending at least $100,000 in the past year, and more than 1,900 exceeding $1 million in expenditures. Roughly 250 customers have spent even higher amounts, reaching into the tens of millions.
Anthropic's financial performance reveals a mixed picture, as the company continues to grow its revenue despite yet to turn a profit. The firm reported $7 million in net income for the first half of 2026, a significant improvement from the same period last year when it incurred a net loss of $13 billion.
The company's IPO prospectus highlights several key risks that could impact its business and operations. These include the potential misuse of sophisticated AI by threat actors or authoritarian governments to launch cyberattacks or develop biological weapons. Additionally, there is a risk that Anthropic could lose control of its AI models, which would be a significant setback for the company.
The prospectus also notes the volatility of government action, citing the Trump Administration's decision to designate Anthropic as a supply-chain risk in 2026. This designation had a negative impact on the company's business and operations, and there is a risk that similar actions by governments could occur in the future and adversely affect the company's financial condition and results of operations.
Anthropic's founders have a history of skepticism regarding OpenAI's ability to develop advanced AI models safely, which may have influenced their decision to leave and start their own company in 2021.
The firm's emphasis on safety is a key aspect of its identity, with CEO Dario Amodei frequently highlighting the risks associated with developing powerful artificial intelligence. He has cautioned that AI could potentially displace jobs and act against human interests if not developed responsibly.
Anthropic aims to utilize advanced AI models to drive scientific breakthroughs, find cures for diseases, and stimulate economic growth, according to its filings, which frame the development of such technology as a way to harness the power of cognition itself.
Facts based on reporting originally published by Wired.
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