AI giant Anthropic files for blockbuster IPO
- Anthropic’s S-1 shows first-half 2026 revenue of $16.3 billion and a net loss of $80.7 billion. Share count and price range haven’t been disclosed. The FT reports investors expect a $1.5–1.75 trillion valuation, and Fox Business’s Liz Claman says a Nov. 19 or 20 pricing remains on track.
- Chip stocks rose in premarket trading after the filing, with Nvidia up 1.4%, Broadcom up 1.5% and Micron up 2.3%.
- Hyperliquid’s ANTH contract spiked to about $1,980 around the 9 a.m. ET filing time, then fell roughly 6% to about $1,857 within minutes. It was up just 1.8% over 24 hours, with about $12 million traded.
Anthropic filed for an IPO on Monday morning, aiming to take the company public in November.
The prospectus showed first-half 2026 revenue of $16.3 billion and a net loss of $80.7 billion.
The Claude developer held $112.4 billion in cash and equivalents, plus $19.3 billion in short-term investments, at June 30. Nevertheless, it expects infrastructure investment to increase significantly, putting pressure on future cash flows.
Enterprise adoption has expanded rapidly. By Sept. 30, more than 1,900 customers generated at least $1 million each in trailing annual revenue, including approximately 250 contributing more than $10 million.
Share count and price range remain undisclosed. Previous reports have suggested a raise of as much as $100 million at a $2 trillion valuation.
“We believe that AI is one of the most consequential technologies in human history,” said the company. “If managed well, it could rapidly accelerate scientific innovation, greatly increase economic growth rates, bring cures for major diseases within reach, and solve problems that have resisted generations of human effort.”
Chip stocks rose in pre-market trading after the filing with NVDA and AVGO up 1.4% and 1.5%, respectively, while Micron (MU) rose by 2.3%.
On the crypto exchange Hyperliquid, traders can already bet on Anthropic’s expected share price before it lists, using a contract called ANTH. The price jumped to about $1,980 around 9 a.m. ET, when the S-1 was due out, then dropped roughly 6% to about $1,857 within minutes. It was trading near $1,875 shortly after 12:05 UTC. Around $12 million changed hands in 24 hours.