Key facts
- Anthropic plans to unveil its IPO prospectus after Labor Day.
- The AI startup is considering allowing existing shareholders to sell shares in its IPO.
- The company is also evaluating lockup periods longer than the standard 180 days.
- Anthropic has raised at least $130 billion to support its compute demands.
Anthropic is preparing to unveil its IPO prospectus after Labor Day, with a potential listing targeted for late September or early October, according to The Information. The AI startup has confidentially filed for a public listing earlier this year as it competes with rival OpenAI for market debuts amid strong investor interest in AI firms.
The company is considering allowing existing shareholders to sell shares as part of its IPO and is weighing lockup periods that could extend beyond the typical 180 days. This approach, which would permit secondary stock sales, would differentiate Anthropic from recent tech listings like SpaceX and Cerebras. SpaceX, for instance, saw its publicly traded shares more than double after its first lockup expiry earlier this month.
Anthropic has already secured at least $130 billion to fund its significant compute requirements and is expected to surpass the $86 billion raised by SpaceX in its June IPO. It remains unclear how the offering will balance newly issued shares with sales from existing holders. Additionally, the company has explored requiring employees to sell shares through preset 10b5-1 trading plans, deviating from typical post-earnings selling windows.