Anthropic Q3 Revenue Hits $16.8B as Growth Slows
Anthropic reportedly told investors its Q3 revenue reached $16.8 billion, up about 45% quarter on quarter, with adjusted profit for a second straight quarter.
IPO News and Analysis
41 verified stories covering IPO, product updates and industry developments.
Research Firm Pegs Anthropic's IPO Value at Just $144 Billion
New Constructs says Anthropic's worst-case equity value is $144 billion, 93% below the roughly $2 trillion IPO estimate, citing a leaked prospectus.
Anthropic Sets Oct. 14 Investor Day, Targets Listing by Thanksgiving
Bloomberg reports Anthropic will hold a pre-IPO investor day on Oct. 14 in San Francisco, targeting a Thanksgiving listing at a $1.8-2 trillion valuation, while OpenAI stays private.
Anthropic IPO Filing Reveals $42 Billion Net Loss for 2025
Anthropic's IPO prospectus reportedly shows $4.6 billion in 2025 revenue and a $42 billion net loss, with valuation expected above $2 trillion after the midterms.
Anthropic's Seven Founders Seek 50.1% Voting Control
Anthropic is asking shareholders to approve special shares giving its seven founders a combined 50.1% of voting power, ahead of a possible IPO.
Anthropic Said to Prep New Model Before IPO to Counter Astra
Reuters says Anthropic may release a new model ahead of its expected IPO to respond to OpenAI's GPT-6 Astra, though no name or timeline has been confirmed.
Nvidia in Talks to Anchor Anthropic's IPO With Up to $10B
Nvidia is reportedly weighing up to $10 billion to anchor Anthropic's roughly $100 billion, $2 trillion-valuation IPO, per Reuters.
DeepSeek Taps CITIC Securities to Prepare STAR Market IPO
DeepSeek has reportedly hired CITIC Securities to prepare a STAR Market IPO, with a new funding round targeting a valuation of RMB 500 billion.
Moonshot AI files confidential A1 in Hong Kong at $50B pre-money
Moonshot AI has confidentially filed an A1 with HKEX while negotiating a new funding round at a $50 billion pre-money valuation, likely its last before going public.
OpenAI Targets 2027 IPO Timeline
OpenAI CFO Sarah Friar tells staff the company plans to go public by 2027 at the latest, addressing questions about rival Anthropic's faster path to an IPO.
ModelBest starts A-share IPO tutoring
ModelBest has entered IPO tutoring with CITIC Securities, pushing China's edge-model race from open-source downloads into audited revenue, governance and deployment tests.
Unitree wins approval for a STAR Market IPO
Unitree wins approval for a STAR Market IPO is reframed for global technology readers, preserving the key numbers, claims and open questions.
SoftBank-backed Coowa targets Hong Kong IPO
Coowa's planned filing shows how China's embodied-AI robotics boom is moving from venture rounds to the exit window.
OpenAI's audited books show a $38.5B loss
Audited figures reportedly show OpenAI with $13.07B in revenue, about $34B in spending and a headline $38.53B net loss before its planned IPO.
Forty-two state attorneys general subpoena OpenAI
A coalition led by New York is probing OpenAI's advertising, retention design, data practices, youth protections and ChatGPT sycophancy as the company heads toward IPO.
The Magnificent Seven lose $2T as AI money rotates
The June selloff hit megacap tech much harder than the rest of the S&P 500 as investors made room for a coming wave of AI IPOs.
China's humanoid robot makers race toward Hong Kong IPOs
EngineAI's confidential filing shows how Chinese robotics startups are trying to lock in valuations before demand has fully caught up with production.
SpaceX jumps 19% on debut and clears a test for AI IPOs
The record listing valued the merged SpaceX-xAI story as a capital-intensive AI infrastructure bet, setting a reference point for Anthropic and OpenAI.
EngineAI chases a 10B-yuan valuation in Hong Kong
EngineAI is highlighting factory speed and funding while leaving investors to wait for the revenue line that will decide the IPO story.
SpaceX gets fast-tracked by MSCI and FTSE, not the S&P 500
SpaceX gets fast-tracked by MSCI and FTSE, not the S&P 500.
The Magnificent Seven lose $2T as IPO money looks elsewhere
The Magnificent Seven lose $2T as IPO money looks elsewhere.
SpaceX’s record IPO hides a Starlink-versus-xAI split
SpaceX’s record IPO hides a Starlink-versus-xAI split.
SK hynix eyes a U.S. listing on HBM demand
SK hynix is preparing a U.S. ADR listing that could raise up to $14 billion as AI demand lifts high-bandwidth memory.
OpenAI confidentially files draft S-1 for an IPO option
OpenAI says it has confidentially submitted a draft S-1 to the SEC, giving the company optionality for public markets while it continues to balance massive revenue growth with heavy compute costs.
OpenAI files confidential IPO paperwork
The draft S-1 reportedly targets an $850 billion-plus valuation, but the company is still balancing public-market timing against private-company flexibility.
Anthropic’s IPO valuation tops OpenAI’s target
Anthropic reportedly filed confidentially at a $965 billion valuation, while OpenAI is aiming lower despite larger revenue and user scale.
SpaceX prices giant IPO at $135 a share
SpaceX fixed its IPO at $135 a share for a planned $75 billion raise, tying rockets, Starlink and xAI compute into one market story.
Quantinuum Chases a $14.3 Billion IPO Despite Heavy Losses
Honeywell-backed Quantinuum is raising its IPO target as AI-driven appetite lifts public-market bets on quantum computing.
Anthropic files confidentially for IPO ahead of OpenAI
Anthropic submitted a confidential IPO filing to the SEC after a $65 billion raise and a reported $965 billion valuation, putting public-market timing in focus.
Anthropic Files Confidential S-1, Beating OpenAI to IPO Prep
Anthropic has confidentially submitted a draft S-1 to the SEC, positioning itself to go public ahead of rival OpenAI.
Anthropic Q2 Revenue Doubles to $10.9B, Posts First Profit
Anthropic reported its first quarterly operating profit of $559 million in Q2 2026, with revenue surging to $10.9 billion.
OpenAI unifies ChatGPT and Codex under Brockman
OpenAI consolidates its product lines into a single agent platform led by Greg Brockman, ending side projects ahead of a potential IPO.
Anthropic funding talks point to a $900B valuation
Bloomberg-reported talks would put Anthropic on a dramatically higher valuation track as compute commitments and a possible October IPO shape the financing.
Cerebras lifts IPO range to $160 after 20x demand
Cerebras is raising its IPO price range and share count after orders reportedly reached more than 20 times the planned offering.
Vercel to Go Public: 30% of Apps No Longer Written by Humans
Vercel CEO Guillermo Rauch says the company is IPO-ready, citing 240% ARR growth in two years and revealing that 30% of applications on its platform are now generated and deployed by AI agents.
China's AI consumes 140 billion tokens daily
China's AI industry is inventing a new unit of measurement, with daily token processing reaching 140 billion by early 2026, a 1,000-fold increase from early 2024. A wave of AI companies is heading for Hong Kong IPOs, while user trust in AI hits 87% in China versus 32% in the US, driving agent adoption and cost reductions.
Chip Giant Cerebras to List on Nasdaq
Cerebras Systems is targeting a Nasdaq IPO in the second quarter of 2026, aiming to raise $2 billion at a valuation between $22 billion and $25 billion. If successful, it would be the first pure-play AI chip alternative to Nvidia's GPU monopoly to go public.
Cohere Hits $240M ARR, Prepares for IPO
Cohere, the enterprise AI startup, reached $240 million in annualized revenue in 2025 with over 50% quarterly growth. Now valued at $7 billion, it is preparing for an IPO as the AI listing window opens.
OpenAI Plans Q4 2026 IPO, Retail Investors Can Participate
OpenAI CFO Sarah Friar confirmed the company will reserve a portion of IPO shares for retail investors. The AI firm, valued at $52 billion post-funding, targets a ~$1 trillion valuation in a Q4 2026 listing alongside SpaceX and Anthropic.
OpenAI Raises $122 Billion at $852 Billion Valuation
OpenAI closed a record $122 billion funding round at an $852 billion valuation, with Amazon, Nvidia, and SoftBank as lead investors, and disclosed $2 billion in monthly revenue as it eyes an IPO.
Zhipu AI Launches GLM-5, Reportedly Plans Hong Kong IPO
Zhipu AI has released its next-generation GLM-5 model and is reportedly preparing for an initial public offering on the Hong Kong Stock Exchange, which would make it one of the first major Chinese AI model companies to go public.