Anthropic has released its IPO prospectus, forecasting revenue of nearly $4.6 billion for fiscal year 2025, a 12-fold increase compared to 2024. The company’s private valuation reached $965 billion in May 2026, positioning it ahead of competitors like OpenAI. The IPO process, which began with a confidential filing in June 2026, marks Anthropic’s transition from private markets to public markets. Market participants will closely monitor the official price range and any amendments to the S-1 filing.
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