Anthropic files a confidential draft S-1 with the SEC

Anthropic has filed a confidential draft S-1 with the SEC for a potential IPO, amid reports of a $965 billion valuation and backing from Amazon and Google.

Anthropic has confidentially filed a draft registration statement on Form S-1 with the SEC, the U.S. securities regulator, for a potential initial public offering of its common stock. This move opens the possibility for it to go public once the SEC's review is complete, without committing it to do so: the offering will depend on market conditions, and neither the number of shares nor the price has been determined. The company notes that this communication does not constitute an offer to sell or a solicitation of an offer to buy.

As the filing is confidential, the detailed document, including full financial statements and shareholder information, remains private during the review period; a public version may be released later. The company is also incorporated as a Public Benefit Corporation, a status that obliges it to balance the pursuit of profit with a general public interest objective, particularly AI safety.

No financial figures originate from the filing itself. However, the press reports that Anthropic was reportedly valued at around $965 billion in a recent funding round, exceeding the valuation attributed to OpenAI, for an estimated annualized revenue of between $44 billion and $47 billion. Its investors include Amazon and Google.

This initiative is part of a broader trend of AI IPOs, with OpenAI also reportedly having filed a confidential submission, and SpaceX having already made its S-1 public.