Anthropic confidentially files for IPO, with CFO Krishna Rao leading the effort toward a potential public listing as soon as late 2026

Anthropic submitted a draft registration statement on Form S-1 to the SEC for a proposed public listing. The company raised $65 billion in Series H funding at a $965 billion post-money valuation in May, led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital.

The filing gives Anthropic the option to go public after SEC review, though the IPO will depend on market conditions and other factors. Share counts and pricing have not yet been set.

Wedbush Securities analysts noted the move allows Anthropic to advance ahead of OpenAI, which is preparing its own confidential filing. Both companies are laying groundwork for IPOs that could come as soon as late 2026.