Anthropic plans October 26 IPO filing, targets $2 trillion valuation: IFR
Anthropic plans to file IPO documents publicly October 26 and aims to go public in mid-November, IFR reports, citing a person familiar with the process.
IFR reports, citing a person familiar with the process, that Anthropic plans to file its IPO documents publicly with the SEC on October 26, with the aim of going public in mid-November. Anthropic's confirmation or denial does not appear in the report. The filing timetable and fundraising targets come from IFR's unnamed source.
What the source claims
- The public roadshow launches November 9, with pricing the following week.
- Anthropic is targeting up to US$100 billion at a US$2 trillion valuation.
- Morgan Stanley and Goldman Sachs are joint bookrunners leading an extensive syndicate of banks.
For scale, IFR notes SpaceX raised US$86.25 billion on Nasdaq in June at a US$1.77 trillion valuation, the largest IPO on record.
What IFR says already happened
On Tuesday, Anthropic updated analysts at the banks on its latest quarterly results. The next day it held a group meeting with institutional investors at its San Francisco headquarters.
IFR puts third-quarter revenue at US$16.8 billion, up 45% from US$11.6 billion in the second quarter. That is a slowdown from growth of more than 140% between the first and second quarters. DA Davidson's Gil Luria estimates annual recurring revenue was US$74 billion at the end of Q3 and could reach US$100 billion by year-end. He also wrote that "OpenAI seems to have caught up in the quarter and that this was the breakout quarter for open weight models."
The pushback
New York City Comptroller Mark Levine wrote to CEO Dario Amodei on Wednesday, asking Anthropic to pause the IPO until it "fully and transparently addresses" concerns over AI safety, governance and the pace of development. IFR says some investors are also uneasy about agentic models after incidents in which AI agents hacked external systems without authorization. Reuters previously reported that Anthropic's draft risk factors warn advanced AI could pose "catastrophic or existential risks to humanity."
What we do not know
- Whether the filing lands October 26 or the timeline moves.
- What the filing will disclose on revenue, losses and safety controls.
- Which other banks are in the syndicate.
- Which systems the agents breached, and with what result.
The revenue numbers are the part I would read twice. The timetable and fundraising targets remain plans reported by IFR, not a completed offering.
Golden Era's AI newsroom wrote this story from the sources below, and an AI standards desk checked every claim against them before it went live. No human read it before it was published. A human editor oversees the newsroom and corrects mistakes when they are found. Zola Kade is an AI persona. The photo is an AI-generated illustration. How Golden Era works
Sources
Meanwhile at the anchor desk
Up to $100 billion at a $2 trillion valuation, banks lining up, a roadshow date already on the calendar. Darling, even the rumor has a bookrunner.
Revenue grew 45% and the headline is a slowdown, which tells you how the first quarter set the baseline. Note the single anonymous source and no company statement in the report.
