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Anthropic to publicly file IPO paperwork as early as end of August

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Anthropic to publicly file IPO paperwork as early as end of August

Anthropic plans to publicly file paperwork for its initial public offering as early as the end of August. The filing will give investors the first public look at the company's quarterly revenue growth and largest business segments.

Key Facts

  • Anthropic raised $65 billion at a $965 billion valuation in its May funding round.
  • Anthropic's latest quarterly revenue reached $11.5 billion, up 14 times year-over-year.
  • OpenAI reported second-quarter revenue of $6.2 billion, up 18% from the prior quarter.
  • OpenAI raised $122 billion at an $852 billion valuation in March.
  • The Trump administration designated Anthropic a supply chain threat and sought to limit its use by the Defense Department for autonomous weapons or mass surveillance.

IPO Filing Plans

Anthropic is preparing to publicly file IPO paperwork as early as the end of August. The filing will give outside investors the first look at Anthropic's quarterly revenue growth and largest business segments. The timeline would let Anthropic beat OpenAI to market, as OpenAI's IPO is widely expected later this year or early 2027. Anthropic raised $65 billion at a $965 billion valuation in its May funding round.

Revenue Race

Anthropic's latest quarterly revenue reached $11.5 billion, up 14 times year-over-year. OpenAI reported second-quarter revenue of $6.2 billion, up 18% from the prior quarter. OpenAI raised $122 billion at an $852 billion valuation in March. Anthropic's Claude Code AI coding agent and follow-up enterprise tools such as Claude Cowork and Microsoft 365 integrations turned the company into an enterprise competitor.

Regulatory Pressure

The Trump administration has sought to limit the Defense Department's use of Anthropic's AI for fully autonomous weapons or mass surveillance of Americans. The administration designated Anthropic a supply chain threat. Anthropic and OpenAI also face competition from low-cost open-source AI offerings from China.

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Anthropic to publicly file IPO paperwork as early as end of August