Anthropic files S-1 and plans Nasdaq listing under ANT

Anthropic said it filed a Form S-1 registration statement with the SEC and intends to list its Class A common stock on Nasdaq under the ticker ANT.[1] The company has not yet determined the number of shares or the price range for the proposed offering.[1] The registration statement must become effective before shares may be sold or offers to buy may be accepted.[1] In the S-1, Anthropic describes its public-benefit purpose as the responsible development and maintenance of advanced AI for humanity’s long-term benefit.[5] The filing also says its Long-Term Benefit Trust is intended to have authority to elect and remove directors who together make up a majority of the board’s authorized members.[5]

Dan Ives, a Yorkville Ives & Co. partner and senior managing director, discussed concerns about Anthropic’s upcoming IPO on Bloomberg Surveillance.[3] He called it the “start of winners and losers” in the AI trade and said chip stocks had about another 10% to 12% to fall.[3] Benzinga reported that the IPO could come as soon as November amid persistent concerns about the AI industry.[2] It also reported that shares of Z.ai and MiniMax had fallen more than 80% from their all-time highs.[2] These reports describe market views and comparisons, not a final offer price or valuation for Anthropic.

Benzinga reported that Polymarket traders mostly saw Anthropic’s valuation reaching $1.5 trillion in December.[2] That is a reported trader expectation, not an offering valuation announced by Anthropic; its proposed share count and price range remain undetermined.[1][2] Blackstone warned investors that Anthropic might initially receive a non-investment-grade, or junk, credit rating after its listing, changing from its earlier expectation of an investment-grade rating by year-end.[4] The report cited by Benzinga said Blackstone funds subscribed to $9 billion of financing at a yield above 10%.[4]

Anthropic reported first-half 2026 revenue of $16.3 billion and a net loss of $80.7 billion.[4] It attributed much of the loss to accounting adjustments tied to the fair value of convertible bonds rather than deterioration in its underlying business.[4] Benzinga also reported that Anthropic held more than $112 billion in cash and equivalents and planned to invest more than $800 billion in computing infrastructure through 2045.[4] Those figures put the reported loss alongside substantial cash holdings and a large stated infrastructure plan; they do not establish the eventual offering price or how public-market investors will value the company.