SAN FRANCISCO, Oct. 26 (Infinite Headlines) — Anthropic, PBC, the company behind Claude, made papers public Oct. 26, 2026, for its first sale of shares to the public, The Associated Press reported. Its regulatory filing proposes a Nasdaq Global Select Market listing under the ticker ANT.
Anthropic said the share count and price range remain undetermined. In its June 1 announcement, it said: “The proposed initial public offering will depend on market conditions and other factors.”
AP reported a debut could come in November and could be the biggest initial public stock sale. NBC News reported expectations for mid-November and a possible valuation above $2 trillion. The Times of India reported Anthropic could seek $100 billion. Those projections are not final offering terms.
Sky News reported a first-half 2026 net loss of $80.7 billion, including a $72.4 billion noncash accounting charge tied to Anthropic’s rising valuation, and a $693 million operating loss.
The filing proposes Class A shares with one vote each and nonvoting Class N shares, held primarily by strategic business partners. It says Anthropic contributed 846.8 million Class N shares to Anthropic Public Benefit Fund LLC and plans one Class F share for Founder LLC, organized by its co-founders.
Anthropic announced earlier in October that it would commit 5% of its shares to the fund, subject to stockholder approval, and might increase that stake “as the company grows.” It said the fund “might explore” larger nonprofit donations or distributions to “specific populations.” Beneficiaries and distribution methods remained unsettled, AP reported Oct. 20.
The filing names Goldman Sachs, Morgan Stanley, JPMorgan, Citigroup, RBC Capital Markets, UBS, BMO Capital Markets and BNP Paribas among underwriters. Anthropic’s documents also reaffirm its commitment to beneficial AI while warning investors about AI’s dangers.
Anthropic announced its confidential draft registration submission to the U.S. Securities and Exchange Commission June 1: “This gives us the option to go public after the SEC completes its review.”
Reuters reported Sept. 30 that its reporter Echo Wang had seen the confidential prospectus and that expected late-September public-filing and mid-October investor-presentation plans appeared to have slipped.
The San Francisco company announced a $65 billion Series H funding round May 28, led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital, valuing it at $965 billion after the investment.
