the announcement Monday<\/a>, but said it had submitted a confidential filing with the U.S. Securities and Exchange Commission for a proposed IPO of its common stock.<\/p>\nThe move sets \u200cup an early test of whether investor appetite\u00a0for artificial intelligence, which has fueled lofty private\u00a0valuations and talk of potential trillion-dollar listings, will\u00a0hold up under public scrutiny, and which company gets to set the\u00a0template for how the fast-growing sector is valued.\u00a0<\/p>\n
Anthropic, which is headquartered in California, didn’t disclose the \u200bsize or the terms of the offering. It \u200blast raised $65 billion US at a post-money valuation of $965 billion US in late May, putting it ahead of rival OpenAI.<\/p>\n
The \u200blisting would represent one of the most consequential\u00a0stock market debuts in years, potentially reshaping benchmark\u00a0indexes, \u200binvestor flows and the broader narrative driving U.S.\u00a0equities.\u00a0<\/p>\n
Reuters reported in May that OpenAI was also preparing to\u00a0confidentially file for a U.S. IPO in the coming weeks.<\/p>\n
That follows SpaceX’s mega-IPO, which is on course to \u2060rewrite the record books as \u2060the Elon Musk-led company pursues a $75-billion US offering \u200cat a $1.75-trillion US valuation and could begin\u00a0trading within two weeks.<\/p>\n
WATCH | Elon Musk could become world’s 1st trillionaire with SpaceX IPO:![\"\"](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/06\/1780355772_562_default.jpg\")
<\/p>\n
Elon Musk could become world’s 1st trillionaire with SpaceX IPO<\/p>\n
Elon Musk’s SpaceX has revealed plans to go public with what is expected to be the largest initial public offering in Wall Street history. As the majority shareholder, the world’s richest man could, through the offering, become the first-ever trillionaire.<\/p>\n
Confidential submissions let companies advance IPO\u00a0preparations while shielding sensitive financial details from\u00a0rivals \u2060and the public.<\/p>\n
“Filing shortly after SpaceX allows \u2060Anthropic to capitalize\u00a0on strong investor interest in AI and growth stocks while the\u00a0window remains \u200cfavourable,” said Kat Liu, vice president at IPO\u00a0research firm IPOX.<\/p>\n
“Anthropic’s valuation ambitions appear far less aggressive\u00a0in comparison [to SpaceX] than they might have looked in\u00a0isolation.”<\/p>\n
Race for AI dominance<\/p>\n
OpenAI and Anthropic have become the face of the AI boom that has redrawn corporate strategies, sparked a global arms race for computing power and talent, and turned AI-linked companies into some of the market’s \u2060most richly valued firms.<\/p>\n
“For OpenAI, the conventional read is that Anthropic just\u00a0seized the narrative advantage \u2060by filing first,” said Harrison\u00a0Rolfes, a senior analyst at PitchBook.<\/p>\n
“The unconventional read\u00a0is that OpenAI got the better end of this: Anthropic just\u00a0volunteered to absorb all the disclosure risk first, and OpenAI\u00a0now has a free option to watch how institutional investors react\u00a0to audited frontier AI financials before committing to its own\u00a0price.”\u00a0<\/p>\n
LISTEN | Inside OpenAI’s zealous pursuit of AI dominance:<\/p>\n
Front Burner32:33Inside OpenAI\u2019s zealous pursuit of AI dominance<\/p>\n
OpenAI CEO Sam Altman said in a CNBC interview that he is\u00a0not focused on the timing of a potential initial public offering\u00a0for the ChatGPT maker, following news of Anthropic’s\u00a0confidential filing.<\/p>\n
He said the company will go public when it makes sense\u00a0to do so.<\/p>\n
Anthropic’s valuation has more than doubled from $380 billion US in February, when it raised $30 billion US in a funding round.<\/p>\n
The company’s rapid rise in early 2026 rattled markets, triggering sharp selloffs \u200cin software and IT stocks as investors worried its increasingly autonomous AI tools could upend traditional business models and accelerate disruption across industries.<\/p>\n
Its latest funding round drew backing from a mix of Silicon\u00a0Valley and Wall Street investors, including \u2060Blackstone,\u00a0Brookfield, D1 Capital Partners, GIC, General Catalyst and\u00a0Insight Partners.<\/p>\n
A market milestone<\/p>\n
As a slew of big listings races toward public markets, companies from SpaceX to AI \u2060giants are competing for a finite pool of investor capital.<\/p>\n
Analysts, including D.A. Davidson’s Gil Luria, said the two\u00a0companies were racing to go public before capital on Wall Street\u00a0ran out.<\/p>\n
WATCH | Privacy commissioners say OpenAI broke Canadian privacy laws in training ChatGPT:![\"\"](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/06\/1780355773_780_default.jpg\")
<\/p>\n
Privacy commissioners say OpenAI broke Canadian privacy laws in training ChatGPT<\/p>\n
Canada\u2019s privacy czars determined OpenAI did not adhere to Canadian privacy laws when training its popular AI tool ChatGPT. Although investigators say the company has since addressed the issues, OpenAI has not faced any penalties for the privacy breaches it committed. Federal Privacy Commissioner Philippe Dufresne joins Power & Politics to discuss.<\/p>\n
“The combined demand for capital from SpaceX, OpenAI and\u00a0Anthropic \u200bwill be so considerable that it is likely \u2060to create\u00a0disruptions in the capital markets, so going early will be a\u00a0great advantage,” Luria said.<\/p>\n
At close to \u200ba $1-trillion US valuation, Anthropic \u2060would vault into the top tier of the S&P 500, alongside a handful of elite companies that dominate global equity markets.<\/p>\n
The IPO market has regained momentum in recent weeks, with\u00a0companies raising $87.5 billion US through May 26, the highest\u00a0year-to-date global total since 2021, according to Dealogic\u00a0data.<\/p>\n
Several sizable U.S. IPOs are also set to hit the market\u00a0later this week, including Honeywell-backed quantum computing\u00a0firm Quantinuum, Blackstone-backed Liftoff and gas engine\u00a0manufacturer Innio.<\/p>\n","protected":false},"excerpt":{"rendered":"Listen to this article Estimated 4 minutes The audio version of this article is generated by AI-based technology.…\n","protected":false},"author":2,"featured_media":708776,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[45,49,48],"class_list":["post-708775","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ca","tag-canada"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/708775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=708775"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/708775\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/708776"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=708775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=708775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=708775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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