Anthropic files for IPO after $965 billion valuation eclipses OpenAI
The AI company is now officially the world's most valuable startup, and it's moving fast toward public markets.
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Anthropic filed to go public on Monday, submitting a confidential draft registration statement to the SEC after a funding round valued the company at $965 billion. That figure tops OpenAI's $852 billion post-money valuation, making Anthropic the world's most valuable startup.
The $65 billion raise that pushed Anthropic past its rival closed last week, according to Bloomberg. The IPO filing came just days later. That's a fast turnaround, and it suggests the company has been preparing this move for months.
The numbers
Let's be precise about what we're looking at here. A $965 billion valuation puts Anthropic in the same conversation as Apple, Microsoft, and Nvidia. For context, that's roughly 15 times the valuation Anthropic held just two years ago.
The $65 billion funding round is, by itself, larger than most tech IPOs in history. I've seen enough spec sheets to know when numbers are being massaged for press releases, but these figures come from the company's actual fundraise, not projections.
What we don't know yet: revenue figures, profitability timeline, or the specific terms of the IPO. Anthropic chose to file confidentially with the SEC, according to The Verge, which means the detailed S-1 won't be public until closer to the actual offering.
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