Anthropic plans to publicly unveil IPO prospectus after Labour Day

Anthropic is planning to unveil its IPO prospectus ​after Labour Day, with ​a potential listing in late September or ​early October, The Information reported on Thursday, citing people familiar with the process.

The startup confidentially filed for a public listing earlier this year, ‌as ⁠it races ⁠with rival OpenAI to their market debuts amid strong investor appetite ​for AI firms.

* Anthropic is considering allowing existing shareholders to sell ​shares as part of its IPO and weighing lockup periods longer than the customary 180 days, according to ​the Information report.


* Allowing secondary stock sales ⁠in the ‌IPO would distinguish Anthropic from this year's ​other ​big tech listings, SpaceX and Cerebras, which didn't ⁠have existing stockholders sell shares in the IPOs.

* ​SpaceX's first lockup expiry earlier this month ​more than doubled its publicly traded shares, with another 12.9 billion shares scheduled to be unlocked by mid-2027 under its staggered schedule.

* Anthropic, which has already raised at least $130 billion to support its intensive compute demands, is ‌expected to surpass the $86 billion raised by SpaceX in its June IPO, the report said.

* It ​was not ​clear how ⁠much of Anthropic's offering would consist of newly issued shares versus sales by existing holders.

* The company has separately considered ​requiring rank-and-file employees to sell shares through preset 10b5-1 trading plans rather than the typical post-earnings selling windows, according to the Information.

* Anthropic did not immediately respond to a Reuters request for comment.