Anthropic on Monday said it has filed plans for an initial public offering, positioning the artificial intelligence company for a share sale that could value it in the trillion-dollar range as competition in the AI sector intensifies.

 

The company has not yet determined how many shares it will offer or at what price. However, the confidential registration statement submitted to the U.S. Securities and Exchange Commission lays the groundwork for a proposed IPO of its common stock, Anthropic said.

 

Anthropic is one of several highly anticipated AI companies expected to test public markets in the coming year, alongside rivals such as OpenAI and SpaceX, giving retail investors potential access to some of the most valuable private technology firms while offering early backers a path to significant returns.

 

SpaceX recently revealed its own IPO plans but has not disclosed expected valuation or fundraising targets. Analysts say the simultaneous emergence of multiple high-value listings could mark one of the largest waves of pre-IPO capital activity in recent market history.

 

An IPO would also provide investors with a clearer view of Anthropic’s financial performance at a time when concerns over a possible artificial intelligence investment bubble continue to grow. The company’s valuation has risen sharply in recent months, climbing from $380 billion in February to $965 billion in May, driven by major enterprise deals and rapid adoption of its AI systems.

 

One of its most significant partnerships includes a multibillion-dollar agreement with Amazon Web Services to train and operate its Claude AI models.

However, analysts and critics have questioned whether industry valuations are running ahead of real-world demand. A public listing would force Anthropic to disclose detailed financial data, including revenue breakdowns across its products and services.

 

Anthropic has emerged as a major competitor in the AI space, with its Claude Code tool gaining early popularity among software developers and expanding into sectors such as finance. Some industry reports suggest the company has recently overtaken OpenAI in enterprise usage in certain segments.

 

Despite its growth, the company has faced scrutiny over security and regulatory concerns, including past tensions with U.S. government agencies that raised questions about its technology’s classification as a supply chain risk.

 

Claude remains widely used in business and development environments, while also gaining traction among consumers, climbing app store rankings earlier this year.

 

Still, competition remains intense, particularly from OpenAI and Google, both of which continue to expand their own AI coding and productivity tools.

 

OpenAI CEO Sam Altman, meanwhile, said the company is not rushing toward an IPO, noting that public listing decisions would depend on business readiness rather than competitive pressure.