Anthropic files for IPO as first-half revenue reaches US$16.3 billion
The company has not specified an offering price or share count, while its proposed governance structure limits public investors’ voting influence.
Anthropic has filed to go public with the US Securities and Exchange Commission, outlining plans for Class A stock trading under the symbol ANT. Its prospectus shows US$16.3 billion in revenue during the first half of 2026, up 1,300% from a year earlier.
Neither the number of shares for sale nor a price range appears in the Form S-1. Anthropic said 22 banks are handling the offering, led by Goldman Sachs and Morgan Stanley. The document also leaves the intended valuation unspecified.
People familiar with the matter told The Wall Street Journal that Anthropic aims to launch the listing during the week of 16 November, but the timetable remains subject to change.
Revenue in the second quarter reached US$11.6 billion, and operating profit of US$974 million marked the company’s first profitable quarter on that measure. The six-month period nevertheless produced a US$693 million operating loss, according to the filing.
The company reported a US$80.7 billion net loss for the half, driven mainly by accounting charges rather than cash outlays. These included US$72.4 billion related to the increased value of convertible notes and US$8.8 billion associated with note purchase agreements involving Google and Amazon.
Under the proposed governance arrangements, a company belonging to Anthropic’s seven co-founders would hold a Class F share carrying 50.1% of ordinary shareholder votes. A separate Class T share allows the Long-Term Benefit Trust to elect most directors. The filing says Class A shareholders would effectively lack the ability to determine voting outcomes.
The prospectus also sets out computing commitments of at least US$114.5 billion with Google, at least US$110 billion with Amazon and at least US$44.9 billion with Microsoft. Broadcom equipment leases total about US$161.2 billion.
