Anthropic, the artificial intelligence (AI) company behind the Claude chatbot, has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “ANT”, setting the stage for a potential mega initial public offering (IPO) as early as next month.The company’s filing outlines its proposed share structure, underwriting arrangements and plans to direct resources towards AI safety. The listing could become a major test of investor appetite for the AI boom, with Anthropic reportedly valued at nearly $1 trillion in private markets and potentially seeking to raise as much as $100 billion.Goldman Sachs, Morgan Stanley, JPMorgan, Citigroup, RBC Capital Markets, UBS, BMO Capital Markets and BNP Paribas are among the underwriters named in the filing.Anthropic has proposed a dual-class share structure. Class A shares will carry one vote each, while Class N shares will have no voting rights. The company said holders of Class N shares are primarily strategic business partners. It has also contributed 846.8 million Class N shares to Anthropic Public Benefit Fund LLC and plans to issue a single Class F share to an entity organised by its co-founders, called Founder LLC.The filing also highlights the company’s expanding commercial reach. As of September 30, customers generating at least $100,000 in trailing 12-month revenue included every company in the Fortune 10, more than half of the Fortune 500 and over 30% of the Global 2000.However, Anthropic disclosed a $1.5 billion charge in the three months ended September 30, 2025, to settle the Bartz litigation. It also said it does not expect to pay dividends in the foreseeable future.The company reiterated its intention to devote a meaningful portion of its resources to ensuring frontier AI is safe and its benefits are broadly distributed.
