Anthropic targets Nasdaq listing under ANT ticker in potential record IPO

Anthropic has filed for an initial public offering on Nasdaq under the ticker ANT, with Goldman Sachs and Morgan Stanley leading the deal.

The developer of Claude has not yet disclosed its expected share price, offering size or valuation, which will be determined after meetings with investors and underwriters.

Anthropic’s revenue rose from $41 million in 2023 to $386 million in 2024 and $4.6 billion in 2025, before reaching $16.3 billion in the first six months of 2026, a 1,300% year-over-year increase, according to an S-1 filing.

The company said growth rates are expected to decline as its revenue base expands and the AI market matures, adding that demand changes, model performance issues and increased competition could further slow growth.

The AI lab disclosed large compute commitments, including at least $110 billion with Amazon through April 2036, up to about $120.5 billion with SpaceX into 2029, $115 billion with Google through 2033, and about $45 billion with Microsoft.

Reporting on the filing also points to $161 billion in commitments with Broadcom, bringing total contractual compute obligations above $400 billion.

Despite its rapid growth, Anthropic reported an $80.7 billion net loss for the first six months of 2026, following a $42 billion loss in 2025. It said it had raised approximately $141 billion through June and held $112.4 billion in cash.

The company expects its current cash and sales to cover the next year but warned that rising infrastructure costs and other factors could lead it to seek financing earlier than planned.

The IPO is reportedly targeted for mid-November, although the timing remains subject to change.