According to NBC, Anthropic announced on Monday that it has submitted an initial public offering application, unexpectedly opening the race with OpenAI for the next trillion dollar artificial intelligence startup to go public.
This document will remain confidential during the review period by the Securities and Exchange Commission. Due to Claude AI's manufacturer's desire to secure a new round of financing before its main competitors, the submission time was earlier than expected. Previously, both companies were expected to start trading in the autumn.
The company stated in a statement, "This gives us the opportunity to go public after completing the review by the Securities and Exchange Commission. The number and price of the shares to be issued have not yet been determined
Just a few days ago, Anthropic announced that its valuation has reached $965 billion after raising $65 billion in new funding to meet the endless demand for its artificial intelligence products.
If Anthropic's valuation reaches $1 trillion when it goes public, it will immediately rank among the world's most highly valued companies and may become the second or third largest IPO in history, after SpaceX and Saudi Aramco.
For Anthropic, it may be very important to go public before OpenAI, as its trading debut is expected to take place shortly after SpaceX's trillion dollar IPO.
Many analysts believe that the first companies to go public will perform better in the fundraising competition, as Anthropic and OpenAI will both seek billions of dollars in new funding in a short period of time.
Currently, these companies and their suppliers and customers are seeking trillions of dollars in funding through the bond market to build data centers and power the AI revolution.
Wedbush Managing Director Dan Ives said, 'We believe this marks the opening of the IPO market floodgates, which has been relatively quiet for several years.'. ”
A similar incident occurred in 2019 when ride hailing apps Uber and Lyft went public.
Lyft was the first to go public, and its stock price performed even better after going public. And Uber's second IPO, with a closing price lower than the IPO issue price on the first day, is rare for a highly anticipated IPO.
If Anthropic can go public before OpenAI, it could also be a personal victory for the founders of Anthropic, as several of them are former employees of OpenAI.
This IPO will further enhance their wealth. According to Forbes, Anthropic CEO Dario Amodi's net worth has reached $7 billion.
The company was founded five years ago and is a "public welfare company".
According to the organizational structure, Anthropic's established goal is to "responsibly develop and maintain advanced artificial intelligence for the long-term benefit of humanity.
Although investors have invested hundreds of billions of dollars in large private startups such as Anthropic, OpenAI, and SpaceX in recent years, the public market remains the most effective way for companies to obtain the widest range of investors and capital sources.
When a company is privately owned, it is difficult for employees, executives, and existing investors to easily cash out and sell their shares. By going public, Anthropic has opened the door to long-awaited returns for all its shareholders.
