Anthropic PBC, the company known for its Claude chatbot, is reportedly aiming to launch its initial public offering (IPO) as early as mid-November. The anticipated valuation for the IPO is between $1.8 trillion and $2 trillion, according to sources familiar with the situation.
The potential listing follows a shift in Anthropic's IPO timeline and comes as it faces increased competition from OpenAI. Both companies are positioning themselves for public market entries, with Anthropic expected to start marketing its IPO around November 9, ahead of the Thanksgiving holiday.
Despite the challenging market for new listings, where many IPOs have been delayed due to weak investor demand, Anthropic is determined to complete its stock-market debut before the year ends. The company had initially planned to file for an IPO earlier this summer, but that timetable was pushed back.
As Anthropic prepares for its IPO, it is entering a competitive landscape, not only against OpenAI but also amidst a broader slowdown in the IPO market. The company is under scrutiny regarding AI safety and the financial implications of its substantial operating losses, which have raised concerns among potential investors.