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Anthropic PBC has confidentially submitted draft paperwork for a public listing, potentially leapfrogging longtime rival OpenAI in the race toward a Wall Street debut as soon as this fall.

“The number of shares to be offered and the price have not yet been set,” the company said in a blog post Monday. Anthropic, once viewed as an underdog to OpenAI, has vaulted ahead of the ChatGPT maker in recent months on multiple fronts. The Claude developer recently raised $65 billion in a funding round at a $965 billion valuation, including the investment, eclipsing OpenAI’s value for the first time. Anthropic’s advances in coding and cybersecurity capabilities have rattled markets and also enticed new business customers.

With the filing on Monday, Anthropic is poised to potentially beat OpenAI to the public market, setting itself up to attract more attention and capital from a greater pool of investors. OpenAI itself was said to be preparing its own confidential filing for an initial public offering in the coming weeks and was targeting a public debut sometime in the fall, Bloomberg reported in May.

On this episode, guest host Emily Graffeo and Tim Stenovec speak with:

Ed Ludlow, Bloomberg Tech co-host
Charlie Wells, Bloomberg News Reporter and Ed Ludlow for in-depth conversation on SpaceX and its upcoming IPO
Andrew Groves, Chairman of Copper Intelligence
Roderick Wong, founder and Chief Investment Officer and Stephanie Sirota, Chief Business Officer, from RTW Investments on Innovations in Biotech

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Anthropic Files Confidentially for IPO in Race With OpenAI

Bloomberg Businessweek

Anthropic Files Confidentially for IPO in Race With OpenAI