Anthropic has filed for an initial public offering (IPO) in the US, reporting $16.3 billion in revenue for the first half of 2026 as the Claude chatbot maker prepares for a potential Nasdaq listing under the ticker symbol ANT.
The San Francisco-based artificial intelligence company said on Monday that Anthropic, PBC had filed a registration statement on Form S-1 with the US Securities and Exchange Commission (SEC).
The company has not yet determined the number of shares to be offered or the price range for the proposed offering.
Anthropic revenue rises to $16.3 billion in first half
Anthropic’s filing shows revenue growth from $41 million in 2023 to $386 million in 2024 and $4.6 billion in 2025.
Revenue reached $16.3 billion in the six months ended June 30, 2026, representing year-on-year growth of 1,300 per cent, according to the filing.
However, the company cautioned that this pace might not continue. It said it could not assure investors that revenue would continue growing at comparable rates or grow at all.
The filing also reported a net loss of $41.97 billion for 2025 and $80.75 billion for the first six months of 2026.
Goldman Sachs and Morgan Stanley lead IPO underwriting
Goldman Sachs and Morgan Stanley are leading the underwriting syndicate for the proposed offering. Other participants include J.P. Morgan, Citigroup, Barclays and Wells Fargo Securities.
Founded in 2021, Anthropic operates as a public benefit corporation. Its Long-Term Benefit Trust, described in the filing as a financially disinterested trust, generally has the power to elect and remove a majority of the company’s board.
Chief Executive Dario Amodei, President Daniela Amodei and five other co-founders will hold special Class F stock through a founders’ entity, according to the prospectus.
Claude relies on multiple cloud and chip platforms
Anthropic’s Claude products are available through Amazon Web Services, Google Cloud and Microsoft Azure.
The company trains its AI models using computing infrastructure that includes Amazon Trainium, Google tensor processing units (TPUs), Nvidia chips and AMD chips.
The filing also identifies risks associated with access to advanced semiconductors and data centre infrastructure. Anthropic warned that future US export controls on advanced chips could restrict data centre locations, limit international expansion or raise costs.
It also highlighted geopolitical tensions between Taiwan and China, noting that much of the world’s advanced chip manufacturing is concentrated in Taiwan.
Anthropic IPO filing highlights immigration and India-related disclosures
The prospectus identifies immigration policy as a potential business risk. Anthropic said restrictions on the movement of professional and technical workers, including changes to US immigration policies, could affect its ability to recruit and retain qualified employees.
The company also cited targeted immigration or visa actions affecting personnel as a possible form of adverse government action.
For India, the filing does not provide specific disclosures on local operations or Indian customers. It states that Anthropic has subsidiaries and operations in the UK, the European Union, Canada and the Asia-Pacific region, alongside international offices in Europe and Asia-Pacific.
India is mentioned in the prospectus’s selling restrictions. The document states that it has not been and will not be reviewed or approved by Indian regulatory authorities, including the Securities and Exchange Board of India. It also says the shares will not be offered publicly in India, except under applicable private placement exemptions.
The proposed IPO would give public-market investors an opportunity to invest in Anthropic, although the offering’s size, pricing and share count remain undetermined.
