FreeLLMAnthropic files S‑1 for Nasdaq IPO under ticker ANT, targeting up to $100 B raise
Anthropic files its S‑1, plans Nasdaq listing as ANT and could raise as much as $100 B, amid rapid revenue growth and heavy losses.
Anthropic PBC submitted an S‑1 registration statement to the U.S.
The filing does not disclose the number of shares or price range, but analysts note the prospect of raising up to $100 billion, which would surpass the record set earlier this year by SpaceX.
Anthropic reported $16.8 billion in third‑quarter revenue and a net loss of $80.7 billion for the first half of 2026, compared with a $13 billion loss in the same period a year earlier. The company’s valuation has slipped to about $1.5 trillion from a peak near $2 trillion.
The IPO follows a $65 billion funding round in May that valued Anthropic at $965 billion and comes as the firm competes with OpenAI, which is expected to go public in 2027, and with Chinese open‑source models advancing in reasoning benchmarks.
Anthropic’s most known products are the Claude and Mythos models, the latter having disrupted the cybersecurity sector in June 2026.
What it means for you
The listing could bring more capital to Anthropic, potentially accelerating development of its Claude series and influencing pricing for commercial AI services. For users of free or locally run models, a larger, better‑funded competitor may raise the bar for performance, but also keep pressure on open‑source projects that currently dominate community rankings such as Kimi K3 and GLM‑5.3.
On FreeLLMArena
From our rankings on 26 Oct 2026, based on Arena's blind votes:
- Kimi K3 (Max): #1 among free chat models
Sources
- Anthropic files S-1 paperwork for blockbuster AI IPO, SiliconANGLE, 26 Oct 2026
- Anthropic files S-1 with the SEC for proposed initial public offering, Anthropic (official), 26 Oct 2026
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