Market debut of AI company behind Claude chatbot will be one of largest in US history, a test of its financial viability

Anthropic has publicly filed for a stock market listing, one of the largest debuts in history. The company’s float on the US market is likely to be a high-water mark in the multitrillion-dollar AI boom and a test of its financial viability.

Analysts and investors have valued the San Francisco-based company, founded in 2021, at more than $1.5tn. The company, which will will list under the symbol ANT, confidentially filed with US financial regulators for an initial public offering in June.

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[–] 152 points 1 week ago (14 children)

The big companies have to IPO to transfer all this investor debt to mutual funds and retirement funds before it goes crash. Can't be them on the hook for this when it pops.

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  • [–] 70 points 1 week ago (4 children)

    Luckily S&P is blocking some of these shenanigans by not allowing inclusion into the S&P500 for companies that are not profitable even if they become publicly listed. This includes all of the AI only companies.

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  • [–] 3 points 1 week ago (2 children)

    Do you have any articles or more information on the S&P blocking them?

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  • [–] 21 points 1 week ago*

    article: The S&P 500 won't bend its rules to let SpaceX in early

    "In a Thursday news release, the index provider announced it was holding firm on all three contested criteria — the one-year waiting period before new listings can qualify, the requirement for demonstrated profitability, and minimum public float thresholds — regardless of how large a company may be. 'Exceptions to the financial viability, seasoning, and IWF requirements should not be granted solely based on market capitalization,' the company said. The decision preserves existing methodology without alteration."

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  • [–] 43 points 1 week ago (4 children)

    And if the debt is in the retirement funds, it's a guarantee that the government will bail it out because they're holding old people hostage. Yuck.

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  • [–] 17 points 1 week ago (2 children)

    Just pile it on the backs of the damn lazy youths amiright

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  • [–] 2 points 1 week ago

    Exactly.

    We should have let the market crash years ago, so we could begin building something more sustainable in its place.

    Instead, it's what, tripled in size more or less? The fall is only going to be that much harder as a result...

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