Anthropic Files Public S-1 for Nasdaq Listing Under Ticker ANT

The prospectus shows $11.6 billion in second-quarter revenue, the quarter in which Anthropic posted its first operating profit of $974 million. For the first half as a whole it still recorded an operating loss of $693 million, while most of the $80.7 billion net loss is a non-cash charge of $72.4 billion tied to the rising value of its convertible notes. The filing leaves the price range and share count blank. People familiar with the matter told the Wall Street Journal the listing could come in the week of November 16 and raise $100 billion or more, reportedly at a valuation of $1.5 trillion to $2 trillion. Seven co-founders will hold 50.1% of votes through a single Class F share, and the company stays a public benefit corporation. For builders, the filing is the first audited look at how a frontier lab converts compute spending into revenue, and it puts customer concentration and usage-policy violations on the record.