"OpenAI Rival Anthropic Preparing for IPO Next Year"
FT: "Difficult to Predict Financial Performance... Listing Process May Not Be Smooth"
The Financial Times (FT) reported on December 2 (local time), citing sources, that Anthropic, the developer of the artificial intelligence (AI) chatbot 'Claude,' has begun preparations to pursue an initial public offering (IPO) as early as 2026.
According to FT, Anthropic has appointed Wilson Sonsini, a law firm with extensive experience in major technology company IPOs, to prepare for its public offering. This law firm has maintained an advisory relationship with Anthropic since 2022 and has been involved in IPOs for technology companies such as Google, LinkedIn, and Lyft.
Anthropic hired Krishna Rao, who played a key role in Airbnb's IPO, as its Chief Financial Officer (CFO) last year. Recently, the company is said to have created an internal checklist to address the changes required for the listing process and is working on related tasks. While Anthropic is reportedly holding discussions with major investment banks regarding a potential IPO, sources stated that the company has not yet reached the stage of selecting an underwriter.
However, sources gave differing answers regarding the specific timing of the listing. One source said that an IPO could be pursued in early 2026, while another source indicated that the possibility of such an early IPO is low. An Anthropic spokesperson said, "No decision has been made yet regarding the timing or possibility of an IPO, and there is currently no news to share."
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Rival company OpenAI was valued at 500 billion dollars as of October, while Anthropic is currently negotiating with investors with the goal of achieving a valuation of over 300 billion dollars. Despite such astronomical valuations, FT noted that the IPO process for these companies may not proceed smoothly due to the enormous costs required to train AI models, which makes it difficult to predict their financial performance.
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