Anthropic启动IPO计划

Anthropic’s Initial Public Offering

AI will have a vast impact on the world. Anthropic is a public benefit corporation dedicated to securing its benefits and mitigating its risks.

“We believe that AI is one of the most consequential technologies in human history. If managed well, it could rapidly accelerate scientific innovation, greatly increase economic growth rates, bring cures for major diseases within reach, and solve problems that have resisted generations of human effort.”

Read the Founders’ letter

Read the Founders’ letter

Roadshow video

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Q3’26 Financial highlights

$17.0B

Revenue

YoY revenue

>11,900

Customers ≥ $100K TTM revenue1

YoY customers ≥ $100K TTM revenue1

Compute efficiency gain since Q1’252

Adjusted Operating Margin3

$23.3B

Net Loss

(due to an increase in our valuation, net loss includes a $21.9 billion non-cash charge related to a change in the fair value of convertible notes, derivative liabilities, and SAFEs)

Operating Margin

1As of September 30, 2026.

2Measured as revenue divided by compute and infrastructure expenses in Q3’26 divided by the same ratio in Q1’25.

3See the section in our prospectus titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Non-GAAP Financial Measures” for a reconciliation of Adjusted Operating Margin to Operating Margin.

Customer stories

Scaling an agentic operating system for lawyers

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· 1,500+Law firms and in-house teams served

· 4.3Non-billable hours recaptured per lawyer weekly, in an independent study of 31 firms

· 100%Claude Enterprise employee access

· 14xClaude Code growth (about 50 seats to 700 company-wide)

Bringing the most powerful tools in science to every team

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· 50,000+Employees with access to Claude Enterprise

· 5xExpansion since rollout

· >85%Employees in key functions actively engage with Claude

Turning every employee into a builder

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· 70+Business units using AI

· 99.9%Code accuracy delivered on complex code modifications

· 7+ hrsAutonomous coding

· 24→5 daysWorking days for new feature time to market

Re-engineering how a global enterprise builds itself

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· +151%Effective output per developer year over year

· 18x fasterAPI migration (231 days of work in 13 days)

· 2xQuarter over quarter productivity gains (estimated 8.1 million hours annualized)

· 99%Salesforce employees using Slackbot

Making shopping faster, easier, and more personal

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· 110%+Growth in Sparky weekly active users quarter over quarter

· ~35%Increase in average order value via Sparky vs. non-Sparky orders

· 2x+Increase in units sold via Sparky quarter over quarter

How to participate

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Documents and FAQs

Relevant documents

· IPO Fact Sheet

· Founders’ letter

· What is the timeline for the IPO?

The IPO process begins with a roadshow starting on November 10th (EST). Subject to regulatory clearance, the final IPO share price is expected to be set on November 18th (EST), and shares are expected to begin publicly trading on November 19th (EST).

· What is Anthropic offering in this IPO?

Anthropic is offering shares of its Class A common stock to the public, which will trade on Nasdaq under the ticker symbol “ANT”.

· How can I participate in the IPO?

You can request shares through a participating brokerage platform. To participate, you must have an active account and submit an indication of interest through their platform.

· Am I eligible to participate in the Anthropic IPO?

Your brokerage account or investing app will confirm whether you’re eligible when you submit your request to participate.

· At what price will the shares be offered?

The final IPO price is expected to be determined on November 18th (EST), based on regulatory clearance, investor demand and market conditions.

· When will I know if I received shares of Anthropic?

Your brokerage account or investing app will confirm your allocation on the first day of trading, which is expected to be November 19th (EST).

· What is the difference between buying in the IPO and buying after the stock begins trading?

Shares bought in the IPO will be purchased at the offering price, which is expected to be set on November 18th (EST). Shares bought after Anthropic starts trading will be purchased at the prevailing market price at that time.

· Will I receive all the shares I apply for?

There is no guarantee that any investor will receive all or any of the shares they apply for in the Anthropic IPO. However, you should be ready to purchase all the shares for which you apply.

· What is the prospectus?

A prospectus is a regulatory filing that provides detailed information about Anthropic’s business, financial statements, risk factors, management team, use of proceeds, offering details, among other items. Investors should review the prospectus closely before investing.