American AI giant Anthropic announced on Monday that it has submitted a confidential filing for a proposed IPO of its common stock with the U.S. Securities and Exchange Commission. The California-based company did not disclose the size or terms of the offering but had previously raised $65 billion US in late May, surpassing rival OpenAI.
The potential IPO of Anthropic is anticipated to be a significant stock market debut, which could have a substantial impact on benchmark indexes and investor flows. Reuters had reported earlier that OpenAI was also gearing up for a U.S. IPO filing.
The move by Anthropic comes after SpaceX’s announcement of a mega-IPO, aiming for a $75 billion US offering at a $1.75 trillion US valuation. Confidential filings allow companies to prepare for IPOs while keeping sensitive financial details private from competitors and the public.
OpenAI and Anthropic are leading players in the AI industry, which has reshaped corporate strategies and boosted the valuation of AI companies. Anthropic’s valuation has doubled since February, reaching $380 billion US. The company’s latest funding round attracted support from various investors, including prominent names from Silicon Valley and Wall Street.
As companies like SpaceX and AI giants race to go public, they are vying for investor capital. Analysts suggest that both Anthropic and OpenAI are seeking to tap into the market before the capital on Wall Street becomes scarce. With the IPO market gaining momentum, companies are looking to capitalize on the favorable conditions to raise funds.
At a valuation close to $1 trillion US, Anthropic could join the top tier of the S&P 500 companies. The recent uptick in IPO activity signals a positive trend in the market, with companies raising substantial funds through public offerings. Multiple significant U.S. IPOs are scheduled for later this week, including firms like Quantinuum and Liftoff.