Overview
- By Friday, Oct. 16, Anthropic had opened communications with New York City Comptroller Mark Levine after he sent a letter urging the company to delay its planned U.S. IPO over AI safety and governance concerns.
- Levine’s request followed draft prospectus language that flagged potential catastrophic AI risks and asked for clearer safety policies before the company becomes publicly traded.
- Anthropic told investors it posted $16.8 billion in Q3 revenue and was cash-flow positive, but closed-door presentations showed slower sequential growth that led some investors to consider cutting valuation by about $500 billion.
- The company confidentially filed for an IPO in June and still aims for a November 2026 listing while it conducts private bank and investor outreach, but institutional pressure and market re-pricing have increased the chance of a delay or changed terms.
- Anthropic is organized as a public benefit corporation and, though New York City’s direct exposure is roughly $7 million, the comptroller oversees $325 billion in pension assets and warns a public listing could widen pension and 401(k) risks if safety and governance are not strengthened.