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#IPO

Articles tagged IPO.

Anthropic's Amended S-1: $17 Billion of Q3 Revenue, a $567 Million Operating Loss and $895 Billion of Compute Commitments
Startups & Funding

Anthropic's Amended S-1: $17 Billion of Q3 Revenue, a $567 Million Operating Loss and $895 Billion of Compute Commitments

Anthropic's amended IPO filing adds the third quarter: $17.0 billion of revenue and a $567 million operating loss, after $5.0 billion of costly short-term compute. It also fills in the total of its compute deals, about $895.4 billion, with $69.8 billion due in the next 12 months.

Jordan Beck
Anthropic's S-1: A $693 Million Operating Loss, $131.7 Billion in Cash and $600 Billion of Compute Deals
Startups & Funding

Anthropic's S-1: A $693 Million Operating Loss, $131.7 Billion in Cash and $600 Billion of Compute Deals

Anthropic's public S-1 shows $16.3 billion of first-half revenue and an $80.7 billion net loss, but an operating loss of only $693 million. Nearly all the rest is a non-cash charge on convertible notes. It held $131.7 billion in cash, lists compute deals worth more than $600 billion, and gives its founders 50.1% of the vote.

Jordan Beck
OpenAI's $30 Billion Round Comes at $1.25 Trillion, Below the $1.4 Trillion It Pitched
Startups & Funding

OpenAI's $30 Billion Round Comes at $1.25 Trillion, Below the $1.4 Trillion It Pitched

OpenAI is close to raising up to $30 billion at a $1.25 trillion pre-money valuation, led by Coatue and UAE investors, CNBC reported. Bloomberg reported a $1.4 trillion target a month earlier. The round would still be a large markup on the $852 billion OpenAI was valued at in March.

Jordan Beck
Anthropic's Draft IPO Filing: An $80.7 Billion Loss, Mostly on Paper, and $600 Billion of Compute Commitments
Startups & Funding

Anthropic's Draft IPO Filing: An $80.7 Billion Loss, Mostly on Paper, and $600 Billion of Compute Commitments

Anthropic's draft prospectus, as reported by The Wall Street Journal, shows $16.3 billion of first-half revenue, up from $1.1 billion, and an $80.7 billion net loss, about $72 billion of it a non-cash charge on convertible notes. It also lists more than $600 billion of compute and infrastructure commitments.

Jordan Beck
Anthropic Public Benefit Fund: 5% of the Company Now, More If the Valuation Keeps Climbing
Startups & Funding

Anthropic Public Benefit Fund: 5% of the Company Now, More If the Valuation Keeps Climbing

Anthropic said on October 18 that it will put 5% of its shares into a new Anthropic Public Benefit Fund, subject to stockholder approval, and its board can add 2% for every 50% rise in company value above a baseline. At the May valuation the first 5% is worth about $48 billion.

Jordan Beck
Anthropic's Prospectus Shows a $42B Broadcom Convertible Ahead of a November IPO
Startups & Funding

Anthropic's Prospectus Shows a $42B Broadcom Convertible Ahead of a November IPO

Broadcom agreed to lend Anthropic up to $42 billion through a convertible note that finances about a third of a $125.2 billion, five-year chip lease, according to Anthropic's IPO prospectus. Bloomberg reports the company is weighing a listing as soon as mid-November at up to $2 trillion.

Jordan Beck
Nscale Closed $3.36B in Convertibles, With Nvidia's $1B Landing in November
Startups & Funding

Nscale Closed $3.36B in Convertibles, With Nvidia's $1B Landing in November

Nscale raised $3.36 billion in pre-IPO convertible notes led by Third Point, with $2.36 billion at closing and $1 billion from Nvidia expected in mid-November. The notes convert automatically at IPO, and Nvidia's convert into non-voting shares.

Jordan Beck
Anthropic Moved Its IPO to November, and the Raise Could Top SpaceX's Record
Markets & Money

Anthropic Moved Its IPO to November, and the Raise Could Top SpaceX's Record

Anthropic is now targeting a November IPO that could value it near $2 trillion and raise as much as $100 billion, the Wall Street Journal and New York Times reported September 18. The later date lets its prospectus carry third-quarter results.

Sam Whitaker
Investors Floated a $1.2 Trillion OpenAI Round Four Days After Altman Ruled Out an IPO
Markets & Money

Investors Floated a $1.2 Trillion OpenAI Round Four Days After Altman Ruled Out an IPO

Investors have approached OpenAI about a new funding round, with the Financial Times and Bloomberg reporting a valuation above $1.2 trillion and the New York Times reporting $1.5 trillion. Talks are early. OpenAI's last completed round valued it at $852 billion.

Sam Whitaker
OpenAI Ruled Out a 2026 IPO, and Chip Stocks Fell 5.9% on the Slowdown Talk
Markets & Money

OpenAI Ruled Out a 2026 IPO, and Chip Stocks Fell 5.9% on the Slowdown Talk

Sam Altman told Fortune on September 12 that going public this year would be "ill-advised" given safety concerns. After Altman and Elon Musk backed Dario Amodei's call to pace frontier AI, the Philadelphia Semiconductor Index fell about 5.9% on Monday. Anthropic is still targeting an October listing.

Sam Whitaker
Anthropic Walked Away From a $6B Decart Deal After Doing the Diligence
Big Tech

Anthropic Walked Away From a $6B Decart Deal After Doing the Diligence

Anthropic ended talks to acquire Israeli startup Decart for roughly $6 billion after completing due diligence, according to Bloomberg. It would have been the company's largest known acquisition, and Decart builds the cross-silicon inference optimization that Anthropic's lease book makes valuable.

Sam Whitaker
Nscale Wants $3.5B Before Its IPO, and About $2B of It Would Come From Nvidia
Startups & Funding

Nscale Wants $3.5B Before Its IPO, and About $2B of It Would Come From Nvidia

Nscale is seeking up to $3.5 billion ahead of a New York listing, structured as $1.5 billion in convertible notes plus roughly $2 billion from Nvidia. Its contracted backlog went from about $51 billion to $103 billion in a month, and nearly the whole jump is one six-year Anthropic lease.

Jordan Beck