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 remained undetermined. Its documents reaffirm its commitment to developing AI beneficial to people and warn investors about AI’s dangers.
AP reported that a November debut could become the biggest initial public stock sale. NBC News reported expectations of a mid-November offering and a possible valuation above $2 trillion. The Times of India reported Anthropic could seek up to $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. Its operating loss was $693 million, Sky reported.
The filing proposes Class A shares with one vote each and nonvoting Class N shares, primarily held 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 in October that it would commit 5% of its shares to the fund, subject to stockholder approval, potentially increasing that stake “as the company grows.” The company said the fund “might explore” larger nonprofit donations or distributions to “specific populations.” Beneficiaries and distribution methods remained unsettled, AP reported.
The filing names Goldman Sachs, Morgan Stanley, JPMorgan, Citigroup, RBC Capital Markets, UBS, BMO Capital Markets and BNP Paribas among the underwriters.
Anthropic announced its confidential draft registration submission to the U.S. Securities and Exchange Commission on June 1. “This gives us the option to go public after the SEC completes its review,” it said, adding that an offering depended on market conditions and other factors.
Reuters reported Sept. 30 that its reporter Echo Wang had seen the confidential prospectus and that expected late-September filing and mid-October investor-presentation plans appeared to have slipped.
Anthropic announced a $65 billion Series H funding round May 28, led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital, valuing the company at $965 billion after the investment.
