Anthropic Files to Go Public (cnbc.com)
- Reference: 0183544808
- News link: https://slashdot.org/story/26/06/01/1837259/anthropic-files-to-go-public
- Source link: https://www.cnbc.com/2026/06/01/anthropic-ipo-s1-prospectus.html
> "This gives us the option to go public after the SEC completes its review," Anthropic said in [5]a statement on Monday. "The proposed initial public offering will depend on market conditions and other factors."
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> Submitting a confidential prospectus doesn't lock Anthropic into a certain timeframe for going public. Its official prospectus just has to land in the hands of investors at least 15 days before the company begins a roadshow. [...] The company has experienced explosive growth this year, announcing in May that its revenue run rate has ballooned to $47 billion, up from $10 billion in annual revenue last year. Last week, it closed a funding round at a $965 billion valuation, topping OpenAI, which was valued at $852 billion in late March.
[1] https://www.cnbc.com/2026/06/01/anthropic-ipo-s1-prospectus.html
[2] https://slashdot.org/story/25/10/30/2148227/openai-eyes-1-trillion-ipo
[3] https://news.slashdot.org/story/25/11/12/2217257/anthropic-to-spend-50-billion-on-us-ai-infrastructure
[4] https://yro.slashdot.org/story/26/03/09/1710252/anthropic-sues-the-pentagon-after-being-labeled-a-threat-to-national-security
[5] https://www.anthropic.com/news/confidential-draft-s1-sec
IPO for billions, sells for millions later. (Score:2)
Lets face it. They have a crazy three digit Billion dollar valuation and a double digit revenue. I forget the numbers but there is no way this company is profitable. I don't think it can be profitable. I guess its all those multi billion dollar dot coms that were later sold for a fraction of their IPO valuation that makes me see this way.
Re: (Score:3)
Nobody in the AI business except Nvidia is profitable, and probably never will be. [1]https://isaiprofitable.com/ [isaiprofitable.com]
[1] https://isaiprofitable.com/
Re: (Score:2)
What about Micron?
It's just like the gold rush. The profits were made by those selling equipment and supplies, not those panning for gold.
Re: (Score:2)
Sure, and basically anyone who has fab time to dedicate to ram now. And if there wasn't a fab shortage, nobody would be able to afford to light their homes anymore.
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The IPO push is tied to their profit forecasts, and they expect to be profitable in Q2. They're revenue is growing rapidly and it's likely true they'll actually turn their first profit, so don't bet against it.
> I guess its all those multi billion dollar dot coms that were later sold for a fraction of their IPO valuation
Sure. That could happen again. And again. It's even likely with these LLM operators. A few years from now the necessary hardware be lower cost and lower power. The models they've built will be cloned and surpassed by multiple competitors.
But in the immediate future investors will fill Anthropi
Dump time? (Score:4, Insightful)
Now we'll see if its a bubble or not.
Just trying to get ahead of the Bust (Score:2)
Sell now and make money while the market for it is still good. If there is a bust everyone would wish they had sold, new investors can bear the risk. The tech is too new to have a proper valuation. People know companies will pay money for AI, how much? No one knows, some companies have canceled their AI budgets because they were going through too much spend.
Beholden to shareholders? (Score:2)
Doesn't this place the business at the mercy of the shareholder's whims?
Don't this just make them chase never-ending profit to the detriment of all?
Re: (Score:1)
> Don't this just make them chase never-ending profit to the detriment of all?
What were they doing before? Boiling the oceans, buying all the ram in the world, gaslighting investors (Mythos is scary! we can't show you but trust us!); they have never been about anything *but* the detriment of all.
Re:Beholden to shareholders? (Score:4, Interesting)
Eh, they were the only frontier AI company to tell the US government "we won't let you use our models to mass surveil US citizens, or mass murder non-citizens" ... even at the cost of literally millions, if not billions of dollars in sales (they lost access to any US government customer).
I won't claim the're the perfect company, but the other (purely profit-driven) AI companies have demonstrated they will do both of those things. You have to give Anthropic some credit ... although it does raise the possibility that, post-IPO, they might become the same as those other companies.
Re: (Score:2)
Yea exactly. At least this way more information will be public. I bet they're padding their numbers a lot and I hope they deeply underestimate the ability of people to comb through their docs and find all the stuff worded to fool AI tools. I don't see how either Anthropic or OpenAI can sustain their current compute with their current subscriptions. I want to see both of them taken down several pegs before we see the disaster of a collapsing home computer industry.
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Anthropic wasn't quite the charity before. Highest token prices, a lot of fearmongering, etc.
If you're looking for more user oriented AI look into the Asian direction. Mostly China, but LG's models are also nice.
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Shareholders definitely push a company to focus on profit, which can lead to short-termism.
However, going public also forces discipline on a company, in a way that privately held ones lack.
For a while, Zuckerberg was fixated on developing a goofy online world that looked like a 15 year old MMO. Oh yeah he called it Metaverse, right? He flushed billions of dollars of internal money to developing it, because nobody can tell him "no" when it comes to running the Facebook empire.
If Musk's companies be
Re: (Score:2)
Before being publicly traded they were privately traded. Any start up that IPOs already has a board and shareholders. And often even shareholder elections, at least for the voting class shares.
Having a practical way to cash out is what being public means. And unfortunately that can also lead to management (board or non-board) playing fast and loose with goals and reporting in order to pump up a stock price. So that employee and executive alike can bleed off some of their holdings as a tidy little bonus. Eve
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I know I'll get modded down for this given the anti-capitalist slant here, but no it doesn't.
1) Chasing profit isn't a bad thing, it's the actual correct thing. Building a business that can provide a new useful function to society and doing it profitably means it can provide that valuable capability without investor or government welfare. Profit is the goal, because it means the value it provides is sustainable.
2) Being a public company doesn't make you beholden to shareholders. It already is behol