Anthropic, the San Francisco artificial intelligence company behind the Claude chatbot, has confidentially filed paperwork for a proposed initial public offering, moving it closer to a possible Wall Street debut.
The company said Monday it submitted a draft registration statement to the U.S. Securities and Exchange Commission for a proposed offering of common stock. Anthropic said the number of shares and price range have not been determined, and any IPO would depend on market conditions and other factors.
The confidential filing does not guarantee Anthropic will go public, but it allows the company to begin the SEC review process before deciding whether to move ahead.
Anthropic is one of the Bay Area’s most prominent AI companies, along with OpenAI. Its growth has been driven in part by demand for Claude and AI tools used by businesses and software developers.
The company was founded in 2021 by former OpenAI employees, including siblings Dario and Daniela Amodei. It is structured as a public benefit corporation and has emphasized AI safety, reliability and interpretability.
Claude competes with OpenAI’s ChatGPT, Google’s Gemini and other AI systems. Anthropic has also expanded into workplace tools, including Claude Code, a coding assistant used by developers and business customers.
The IPO filing follows a surge in AI fundraising.
OpenAI said in March it raised $122 billion in committed capital at an $852 billion post-money valuation. The Wall Street Journal reported last month that OpenAI was preparing to file confidential IPO paperwork of its own.
Confidential IPO filings allow companies to begin the SEC review process without immediately releasing detailed financial information. A company typically must make its registration statement public before completing an offering.