Anthropic Begins U.S. IPO Procedures, Timing Dependent on Market Conditions

Valued at $96.5B, Anthropic Aims to Outpace OpenAI in Public Market Debut Amid AI IPO Race

Anthropic, the developer of the artificial intelligence (AI) model 'Claude,' has begun procedures for listing on the U.S. stock market.

Anthropic announced on the 1st (local time) that it had confidentially submitted a draft registration statement to the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO). The confidential filing allows the company to undergo SEC review without disclosing financial and business details publicly, and it can proceed with the listing depending on market conditions once the review is completed.

Anthropic stated, "Once the SEC review is finalized, we will have the option to decide whether to proceed with the listing," adding, "The actual decision to go public will depend on market conditions and other factors."

The number of shares to be offered and the offering price have not yet been determined.

Anthropic recently secured $65 billion (approximately 100 trillion Korean won) in new investment last month, valuing the company at $96.5 billion (approximately 1,460 trillion Korean won). This surpasses the valuation of OpenAI, which was assessed at $85.2 billion (approximately 1,300 trillion Korean won) in March.

Both companies, aiming to list within this year, are reportedly competing to secure an early position in the IPO market. Cerebras has already proceeded with its listing, and Elon Musk's SpaceX is also preparing for an IPO. This is interpreted as an attempt to preemptively secure investment funds by advancing the IPO timeline.

Gil Luria, an analyst at investment bank D.A. Davison, told Reuters, "OpenAI and Anthropic are racing to go public before their capital runs out." He added, "Another reason Anthropic might aim to enter the public market before OpenAI is to set the financial reporting standards for cutting-edge AI models, thereby establishing criteria favorable to the company."

OpenAI is also preparing related documents, such as an investment prospectus for submission to securities authorities, but it has not yet reached the formal filing stage.

Meanwhile, according to Agence France-Presse (AFP), Anthropic has decided to provide access to its Claude Mythos model -- which possesses expert-level cybersecurity vulnerability detection capabilities -- to the European Union (EU).

Anthropic recently announced plans to release the Mythos-class AI model to the public within weeks after completing security measures.