Anthropic, PBC said on October 26, 2026 that it filed a Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of Class A common stock. The company intends to list on the Nasdaq Global Select Market under the symbol ANT. The number of shares and the price range have not been determined. The registration statement has been filed but is not yet effective; securities may not be sold, and offers to buy may not be accepted, before it becomes effective.
Key Facts
| Details | |
|---|---|
| Filer | Anthropic, PBC |
| Filing | Form S-1 with the SEC (announced October 26, 2026) |
| Proposed listing | Nasdaq Global Select Market |
| Proposed ticker | ANT |
| Shares / price range | Not yet determined (official announcement) |
| Registration status | Filed; not yet effective — no sale until effective |
| Lead prospectus contacts named | Goldman Sachs & Co. LLC; Morgan Stanley & Co. LLC |
| H1 2026 revenue (S-1 via TechCrunch / Verge) | $16.3 billion (vs $1.2 billion H1 2025, per TechCrunch) |
| H1 2026 operating loss (S-1 via TechCrunch) | $693 million (vs $2.1 billion H1 2025) |
| H1 2026 net loss (S-1 via TechCrunch / Verge) | $80.7 billion — largely noncash convertible-debt accounting adjustments, per both outlets |
| Enterprise customers (as of end-Sept, S-1 via TechCrunch) | >11,900 at ≥$100k/year; ~1,900 at ≥$1M; ~250 at ≥$10M |
| Founder voting (S-1 via TechCrunch) | Founder LLC (seven co-founders) to control 50.1% of voting power |
| Board appointment (S-1 via TechCrunch) | Long-Term Benefit Trust may appoint most of the board |
| Compute commitments (S-1 via The Verge) | ~$3.1B/month to SpaceX for Nvidia GPU capacity once delivered (up to ~$120.5B by 2029); Microsoft $44.9B through 2033; Google at least $114.5B through 2033; Amazon $110B over ten years |
Background
Anthropic's official news post confirms only the S-1 filing, the proposed Nasdaq Global Select listing under ANT, and that share count and pricing are still open. It names Goldman Sachs and Morgan Stanley as contacts for the preliminary prospectus when available, and repeats the standard SEC caveat that the registration is not yet effective.
Revenue, losses, customer cohorts, founder voting control, the Long-Term Benefit Trust's board role, and the multi-vendor compute commitments are not in that news post. TechCrunch and The Verge both attribute those figures to the public S-1. Both outlets report H1 2026 revenue of $16.3 billion and a net loss of $80.7 billion; TechCrunch adds the operating-loss comparison and customer-spend buckets, while The Verge details the SpaceX, Microsoft, Google, and Amazon compute commitments.
What We Don't Know Yet
- Offer size, share count, and price range (officially undetermined).
- Roadshow dates and expected pricing / trading day (not stated in the official announcement; treat market rumors as unverified).
- Whether the $80.7 billion net loss figure will be restated or explained differently in later prospectus amendments.
- Exact settlement mechanics and remaining undrawn capacity under each compute commitment beyond what The Verge summarized from the S-1.