Anthropic files for IPO before OpenAI, as they race to go public

Anthropic, an artificial intelligence startup, has filed for an initial public stock offering (IPO), placing it in a race against competitor OpenAI to secure its spot as the next trillion-dollar AI marketplace leader.
The filing, which is currently confidential pending Securities and Exchange Commission (SEC) review, comes earlier than initially anticipated with the aim of beating its rival to significant market funding.
Anthropic recently announced a valuation of $965 billion following a $65 billion funding raise, which fuels its pursuit to capitalize on the high demand for its AI products.
If launched at a $1 trillion valuation, Anthropic could enter the ranks of the most valued companies globally, potentially ranking second or third in IPO size behind SpaceX and Saudi Aramco.
Anthropic’s IPO is expected shortly after SpaceX’s trillion-dollar IPO, and analysts suggest the first company to market may perform better in the subsequent funding race, as both seek tens of billions of dollars.
Historical precedence from 2019, when ridesharing apps Uber and Lyft went public, may provide insight; Lyft, the first to go public, performed better post-IPO compared to Uber, which began trading below its IPO price afterward. This story is ongoing, with updates to be expected.

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