Anthropic has chosen Nasdaq as the exchange for its planned stock market debut and is preparing for what could become a record-setting initial public offering, according to ABMedia, which cited people familiar with the matter. The company, known for developing the Claude chatbot, could begin the listing process as early as October this year.
ABMedia, citing Business Insider, reported that Anthropic is seeking a fundraising size that could reach or even exceed the $86.3 billion record set by SpaceX in June. If completed on that scale, the deal would rank among the largest recent capital market transactions, following SK Hynix’s $26.5 billion fundraising in July.
Nasdaq selection and fundraising target
The report said Anthropic’s decision to list on Nasdaq highlights the exchange’s continued pull for large technology and AI companies. The listing process could start as soon as October, according to the report.
On proceeds, Anthropic is said to be aiming for a figure comparable to, or above, the $86.3 billion level referenced in the report. That would place the IPO among the most closely watched offerings in global markets.
Revenue growth and credit line
Anthropic’s financial profile has also strengthened, the report said. Based on current operating data, the company’s annualized revenue is projected to exceed $65 billion, marking growth of more than seven times from the end of last year.
Earlier this month, Anthropic also finalized a $15 billion revolving credit facility, according to the report. The funding is expected to give the company added operating liquidity before a public offering and support expansion of its server infrastructure.
U.S. IPO market rebound
The broader U.S. IPO market has improved this year as investment interest in generative AI lifted activity. Data cited in the report showed that, excluding SPACs and similar financial vehicles, total fundraising from U.S. listings has reached $160.6 billion this year, the highest annual level since 2021.
If Anthropic proceeds with a Nasdaq listing, the exchange would further strengthen its position in large-scale technology IPOs. The report said that points to continuing public market demand for AI companies with meaningful revenue.
Safety concerns and different paths among AI firms
Even as capital plans advance, debate over AI risk has intensified. The report noted that Anthropic CEO Dario Amodei, OpenAI CEO Sam Altman and Elon Musk have all recently warned about rising risks linked to AI.
It also said executives at OpenAI, Anthropic and Tesla have recently spoken about the need to slow the pace of AI development. Altman, in particular, said OpenAI has no plan to pursue a public stock offering this year because of safety considerations.
According to ABMedia, that contrast shows how leading AI companies are taking different approaches as they weigh commercial expansion, technical safety controls and the demands of public market regulation.