• Anthropic has applied to list its Class A common stock on the Nasdaq (NDAQ) Global Select Market under the symbol "ANT," according to a company statement.
  • The filing marks a major step toward an initial public offering for the AI developer behind Claude, but the offering has not yet been priced and the listing is pending Nasdaq approval.
  • The move comes amid rapid revenue growth, substantial computing commitments, and growing scrutiny of AI valuations.

Anthropic, the artificial-intelligence company behind the Claude assistant, has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "ANT," the company said in a statement. The application, disclosed on Monday, signals progress toward a highly anticipated initial public offering but does not guarantee that a listing will occur or that the offering has been priced.

The filing comes as Anthropic prepares to publish its IPO prospectus, with people familiar with the matter saying the document could be released as early as this week. A November debut remains the reported target, though the timetable is contingent on market conditions and regulatory review.

Anthropic’s revenue has surged, reaching $16.8 billion in the third quarter alone, according to reporting on draft offering documents. That figure is up roughly 45% from the previous quarter. Management has told prospective investors that the company achieved profitability on an adjusted basis, though it reported a net loss of approximately $80.7 billion in the first half of 2026, largely due to financing-related accounting charges.

Rapid Growth, Mounting Costs

The company’s growth has been accompanied by massive spending on computing infrastructure. Anthropic spent nearly $9 billion on computing in the first half of 2026, compared with about $7.3 billion for all of 2025. Future commitments could exceed $600 billion, according to later draft-document reporting, underscoring the capital-intensive nature of frontier AI development.

“What institutional investors like us are really focused on is regulatory stability,” said a person familiar with the company’s thinking, speaking on condition of anonymity. “Anthropic has been on a steady growth trajectory, but the market will be watching how it manages its losses and infrastructure obligations.”

Anthropic, founded in 2021 by former OpenAI researchers, operates as a public benefit corporation. It has proposed allocating 5% of its shares to a new Public Benefit Fund, subject to shareholder approval, and has committed $200 million to studying AI’s economic effects.

The listing application also highlights governance considerations. The company’s Long-Term Benefit Trust recently added physicist Christopher Stubbs, and the proposed Public Benefit Fund would dedicate shares to public-good purposes. Nearly one-quarter of 2025 revenue came from two customers, according to Reuters (TRI), making diversification a key issue for potential investors.

The IPO would be a landmark for the AI industry, providing a public-market benchmark for frontier-model economics. Analysts expect the first major AI developer to list to set valuation benchmarks for peers, including OpenAI’s anticipated offering. Earlier expectations centered on a valuation of approximately $2 trillion, though more recent discussions have pointed to $1.5 trillion, according to people familiar with the matter.

Anthropic’s relationship with Washington is also in focus. A temporary Pentagon blacklisting over government use of its tools was blocked by a U.S. judge in August, and the company continues to face scrutiny over AI safety. Just last week, Anthropic announced a partnership with Singapore’s government to advance responsible AI adoption.

A spokesperson for Anthropic declined to comment beyond the filing. Nasdaq did not respond to a request for comment.

Correction: An earlier version of this article misstated the quarter in which Anthropic reported $16.8 billion in revenue. It was the third quarter of 2026, not the second.