Anthropic sprints for the "largest IPO in history": the prospectus will be released as soon as Friday, with a valuation of 2 trillion. According to Yahoo Finance, citing three people familiar with the matter, Anthropic may publicly submit an S-1 prospectus as early as this Friday (October 24), setting the stage for what is expected to be the largest IPO in history.

Anthropic is aiming for the "largest IPO in history": the prospectus will be released as soon as Friday, with a valuation of 2 trillion. According to Yahoo Finance, citing three people familiar with the matter, Anthropic may publicly submit its S-1 prospectus as early as this Friday (October 24), taking a key step towards what is expected to be the largest IPO in history. The Claude developer’s highly anticipated listing is expected to raise more than SpaceX’s IPO in June this year. As investors' doubts about AI's huge expenditures deepen, whether Anthropic can be successfully listed is regarded as a stress test to test the market's popularity. The timeline has already been laid out. In June this year, Anthropic secretly submitted a draft IPO application to the SEC; according to rules, companies that submit confidential applications must spread the documents at least 15 calendar days before the start of the road show. Once the S-1 is made public as scheduled, it will be just one step away from being listed in November, and the final time will still be controlled by the market. At that time, ordinary investors will also be able to see clearly their true finances and potential risks for the first time. Burning money in exchange for growth, the valuation is anchored at 2 trillion. What supports this capital feast is the billions of dollars of infrastructure that Anthropic has invested in training and running Claude. In addition to forming alliances with Google and Amazon, it also rents the GPU computing power of SpaceX’s Colossus 1. Revenue in the first half of the year surged to US$16.3 billion, but it was accompanied by a net loss of over US$80 billion. Wall Street expects the IPO to raise as much as $100 billion, corresponding to a valuation of up to $2 trillion. A more recent signal came from last week's San Francisco Investor Day. A person familiar with the matter revealed that Anthropic’s revenue in the third quarter reached US$16.8 billion, a further increase from US$11.5 billion in the second quarter; on an adjusted basis, the company has also turned a profit. This kind of "increasing income and reducing losses" curve is exactly the greatest confidence it wants to give to the secondary market. A source also pointed out the chain effect: Anthropic is so large that the timing of launching its IPO will affect other companies preparing to debut in the next few weeks. The rival OpenAI was originally expected to be listed this year, but now the window has been pushed to early 2027 - whoever rings the bell first, the capital competition between the AI ​​duo is changing the rhythm. via AI News (author: AI Base)