Anthropic filed for an initial public offering on October 26 and plans to list its Class A shares on the Nasdaq Global Select Market under the symbol ANT. The company has not set the number of shares or a price range.
Its announcement says the registration statement has not yet become effective. Shares cannot be sold, and offers to buy cannot be accepted, before that happens. The filing is a step toward a public offering; it does not establish a trading start date or an offer price.
The SEC prospectus also spells out a voting structure that would give public shareholders limited influence over control of the company.
Each Class A share would carry one vote. A separate Class F share, held by an entity organized by Anthropic's seven co-founders, would carry 50.1% of the voting power on matters submitted to shareholders generally. That share would have no economic rights.
Anthropic's Long-Term Benefit Trust would retain a different kind of authority. Through Class T stock, the trust generally could elect and remove directors who together would make up a majority of the authorized board. That stock would have no economic rights and would not otherwise vote on matters put to shareholders generally.
The prospectus describes Anthropic as a Delaware public benefit corporation, with a stated purpose of responsibly developing advanced AI for humanity's long-term benefit. It also says the company would qualify as a controlled company under Nasdaq's governance requirements.
Proceeds from shares sold by existing shareholders would go to those sellers, rather than Anthropic.
