Anthropic, PBC filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission on October 26, 2026 for a proposed initial public offering of its Class A common stock, the company announced. It intends to list on the Nasdaq Global Select Market under the symbol "ANT". The number of shares and the price range have not been set, and the registration statement is not yet effective.
The filing gives the first company-reported view of the business, as summarised by TechCrunch. Revenue for the first half of 2026 was $16.3 billion, up from $1.2 billion a year earlier. The operating loss narrowed to $693 million from $2.1 billion. The net loss was $80.7 billion, which the filing attributes largely to noncash accounting adjustments tied to convertible debt. The company states that it "may not achieve or sustain profitability in the future."
The enterprise business shows in customer counts. At the end of September, Anthropic had more than 11,900 customers spending $100,000 or more a year, 1,900 spending $1 million or more and about 250 spending $10 million or more.
Control stays with the founders. The seven co-founders will hold 50.1% of shareholder voting power through a "Founder LLC", which Anthropic says is designed to preserve its AI safety mission. The Long-Term Benefit Trust, set up in 2023, will have authority to appoint most of the board. Voting power will therefore not track economic ownership, which limits the influence of public shareholders.
Goldman Sachs and Morgan Stanley are named as contacts for the preliminary prospectus. Anthropic has not said how much it intends to raise. Until the registration statement becomes effective, no shares can be sold.
Why this matters for banks and fund issuers
Before this filing, products and valuations tied to Anthropic rested on press reports and private rounds. The S-1 replaces those with reported revenue, losses, customer concentration and a governance structure that investors cannot change by voting. Those are the facts any fund, index or structured product referencing the stock will now be built on.
This article is for information only and is not an investment recommendation.
This article is not legal advice.
