Business Insider first reported Anthropic’s exchange choice. The company did not immediately respond to a request for comment, while Nasdaq declined to comment.
The decision gives Anthropic a potential venue as it continues preparing for a public offering, although several important details remain undisclosed. The company has not publicly confirmed its IPO timing, valuation, offering size or underwriters.
Anthropic’s preparations come during a strong year for U.S. public offerings. Companies have raised $160.6 billion through U.S. listings this year, excluding blank-check companies and other financial vehicles, according to Bloomberg data. That is the highest annual total since 2021.
Anthropic has also been expanding rapidly on the revenue side. Based on its current performance, the company is on pace to generate more than $65 billion in annualized revenue, according to Bloomberg News. That figure is more than seven times its revenue pace at the end of last year.
The company was also expected to finalize a $15 billion revolving credit facility earlier this month, Bloomberg previously reported.
Anthropic’s possible listing is developing alongside a renewed debate over the speed of AI development. CEO Dario Amodei, OpenAI CEO Sam Altman and Elon Musk all spoke Saturday about the need to slow AI progress because of growing safety concerns.
Altman separately told Fortune that OpenAI does not plan to go public this year, citing those concerns.
That leaves Anthropic potentially moving toward the public markets while one of its biggest AI rivals stays private. For Anthropic, selecting Nasdaq marks another concrete step in the IPO process, but the company has yet to formally disclose when it will file or how large the eventual offering will be.
This analysis is based on reporting from Yahoo Finance courtesy of Bloomberg.
Image courtesy of Crypto Briefing.
This article was generated with AI assistance and reviewed for accuracy and quality.
