Anthropic files for Nasdaq listing as ANT with no price set
Anthropic has publicly filed to list on Nasdaq under the ticker ANT, setting up a stock market debut that could become one of the largest IPOs ever. No share price or offering size has been set, and trading could begin this month subject to regulatory approval and market conditions.
The filing with the US Securities and Exchange Commission shows revenue of about $17 billion in the third quarter, up from $11.6 billion in the second. But sequential growth slowed to about 47% from 144%, and the company moved from an operating profit of $974 million to an operating loss of $567 million as computing costs rose.
Some investors are pushing for a lower valuation of between $1.5 trillion and $1.6 trillion, down from earlier talk of around $2 trillion, according to reports. Anthropic has not confirmed those figures. Moumen Mohamed, market analyst at WRPro, said: “Markets are about to test, in public and for the first time, what an advanced AI lab is really worth.”
Analysts are divided on the wider impact. Mohamed warned that an offering of this scale could pull liquidity from other AI stocks, saying investors rebalance their portfolios when a new option of this scale appears, which can mean temporary volatility in the big names. Others point to strong demand for AI infrastructure, and shares of chipmakers including Nvidia, Broadcom and Micron rose after Anthropic filed. Anthropic’s investors include Amazon, Google and Abu Dhabi’s MGX.
Investors will watch the final price and size, whether growth recovers, the path to profitability as computing costs rise, and how the shares trade in the first days. Mohamed said the listing “will not change the sector’s direction on its own, but it could set a new benchmark for valuing AI companies,” and advised managing risk in early trading.
