Funding
AI Giant Anthropic Files for IPO
AI giant Anthropic filed for an initial public offering (IPO) on Monday, aiming to list in November. The prospectus revealed first-half 2026 revenue of $16.3 billion and a net loss of $80.7 billion. The company, which holds $112.4 billion in cash and equivalents, expects significant infrastructure investment, putting pressure on future cash flows. Enterprise adoption has expanded rapidly, with more than 1,900 customers generating at least $1 million in trailing annual revenue, including approximately 250 that generated more than $10 million. Chip stocks rose in pre-market trading after the filing, with NVDA and AVGO up 1.4% and 1.5%, respectively, while Micron (MU) rose by 2.3%. Traders on the crypto exchange Hyperliquid can already bet on Anthropic’s expected share price, with the price jumping to about $1,980 around 9 a.m. ET, then dropping to about $1,857 within minutes.