American AI company Anthropic announced on Monday that it has submitted a confidential filing with the U.S. Securities and Exchange Commission for an initial public offering (IPO). This move puts Anthropic ahead of its competitor, OpenAI, in the race to go public. The company, known for developing the Claude chatbot, did not reveal specific details about the proposed IPO in the announcement.
Based in California, Anthropic did not disclose the size or terms of the offering. The company previously raised $65 billion US in late May, valuing it at $965 billion US post-money, surpassing OpenAI in funding. This upcoming IPO is expected to have a significant impact on stock market debuts, potentially influencing benchmark indexes and investor sentiment towards AI companies.
Meanwhile, OpenAI is also reportedly preparing for a confidential filing for a U.S. IPO. This follows SpaceX’s plans for a mega-IPO, aiming for a $75 billion US offering at a $1.75 trillion US valuation. The surge in IPO activities in the tech sector reflects the growing interest in AI and innovation among investors.
Both Anthropic and OpenAI are prominent players in the AI industry, driving corporate strategies and attracting substantial investments. Anthropic’s valuation has more than doubled since early 2026, leading to market volatility as investors anticipate the impact of its AI technologies. The company’s recent funding round attracted support from key players in Silicon Valley and Wall Street.
As the competition intensifies in the tech IPO landscape, companies like Anthropic and OpenAI are racing to secure investor capital before market conditions change. Analysts predict that the demand for capital from these AI giants, combined with other major listings, could disrupt capital markets. Anthropic’s potential $1 trillion US valuation would position it among the top companies in the S&P 500, signaling a significant milestone in the AI industry’s evolution.
Overall, the IPO market has been robust in recent weeks, with companies raising substantial funds. The upcoming IPOs, including those of other tech firms like Quantinuum and Liftoff, indicate a positive trend in the market for innovative companies going public.
