Overview
- Reports on Sept. 14 say Anthropic has picked Nasdaq as a likely venue, lined up Goldman Sachs, JPMorgan and Morgan Stanley as lead underwriters, and plans a mid‑October roadshow to try to list before the U.S. midterm elections.
- The company quietly filed a draft S‑1 with the U.S. Securities and Exchange Commission on June 1 as it prepares for a public offering.
- Anthropic reported its first profitable quarter in Q2 with about $11.5 billion in operating revenue and said its July annualized run‑rate reached roughly $65 billion, and it told some shareholders it expects a second straight quarter of adjusted operating profit in Q3.
- CEO Dario Amodei published a safety proposal calling for a staged slowdown in capability gains and for permanent third‑party evaluators with near‑employee access, a step Anthropic says it will pilot unilaterally.
- Analysts note a $2 trillion price would imply a very high revenue multiple — roughly 30 times July's run‑rate — meaning Anthropic would need sustained, rapid growth and several percentage points of adjusted operating margin by 2028 to support that valuation, and the news has already pressured AI‑linked stocks and investors with large AI exposure such as SoftBank.