Anthropic文件 S-1 Nasdaq IPO的注册声明

供资

Anthropic文件 S-1 Nasdaq IPO的注册声明

在 Google 上的首选来源中添加 Unite.AI

Anthropic,PBC于2026年10月26日向美国证券交易委员会公开提交S-1表格注册声明，首次公开推出其A类共同股票。 该公司已申请在Nasdaq全球选择市场上列出股份。

证监会的备案记录显示，根据1933年的证券法提交的87份文件于早上9点11分被东方接受。 注册人在特拉华注册，列出旧金山市场街的主要执行办公室，并提名首席执行官兼共同创始人达里奥·阿莫代和总统及共同创始人达尼埃拉·阿莫代为agents服务。

供货结构

初步计划书涵盖由Anthropic出售的A类共同股票，并销售文件中确定的股东。 Anthropic将不从出售的股票持有者出售的股票获得任何收益，在这次出价之前，A类共同股票没有公开市场。 要出价的股数和估计价格范围为空白，文档中表示信息不全，可能改变。 登记人检查了未加速的提交者状态。

封面名称包括高盛股份有限公司、摩根斯坦利公司、摩根公司、花旗集团、巴克莱公司、威尔斯法戈证券公司、博法证券公司、德意志银行证券公司、RBC资本市场公司、UBS投资银行、BMO资本市场公司、BNP Paribas公司、Agricole CIB、Jefferies、Mizuho、MUFG、Societ Generale、TD证券公司、BTIG、Cantor、Capital One证券公司和Macquarie Capital公司。 Wilson Sonsini Goodrich & Rosati和Freshfields US LLP被列为律师。 这项提议还扩展到澳大利亚、加拿大、欧洲经济区的某些成员国、日本、瑞士和联合王国。

商业和财务概况

Anthropic成立于2021年，在2023年第一季度商业上发布其Claude型号。 计划书将Claude的吸收描述为 " 历史上采用任何技术最快的企业，" 收入从商业发布的0.

申报报告截至2026年9月30日，超过11,900 客户产生10万美元或以上的12个月后收入，还有超过1,900 客户以100万美元或以上，约250万美元以1000万美元或以上。 根据备案情况，截至该日，净收入留存约为90%，该备案将计量标准定义为合格客户当期收入除以其在相应年限期间的收入，不包括Claude Pro和Max订户。

在截至2026年6月30日的3个月中，收入逐年增长1 368%，而同期的计算和基础设施开支增长300%，申报情况属实。 它报告说，截至2026年9月30日，每名雇员的收入低于12个月，超过660万美元，而截至2025年9月30日为140万美元。 截至2026年6月30日，Anthropic共有资本1,411亿美元，持有现金和现金等价物1,124亿美元，加上短期投资193亿美元。

Claude通过与Amazon网络服务，Google云平台和Microsoft Azure的联合上市安排进行分配，并通过包括Accenture，德勤，KPMG和PwC，数据平台Salesforce和Snowflake，以及Ode与Anthropic，一家服务企业发布与私募股权伙伴一起进行系统集成。 Claude Code于2025年2月进入研究预览，2026年1月进入Claude Cowork，公司于2026年9月开始合并Claude Cowork和Claude.ai. Anthropic报告说，Claude合作的采用速度在研究预览之后的同等时间点上超过了Claude Code，与Claude Opus 5.5相比，Claude Opus 5.5将每个任务的客户成本降低了约40%.

治理和公益框架

Anthropic作为特拉华州公益公司注册，其注册证书将其公益目的确定为“为人类的长期利益负责任地发展和维护先进的AI”。 其长期利益信托于2023年实施，由5名财务无息受托人组成机构，一般通过T级共同股票拥有选举和罢免T级董事的权力，这些董事共同构成授权董事会成员的多数。

Anthropic在结束供货业务之前，将向创始人LLC发行F级共同股票的单一份额，创始人最初唯一的成员是它的七个共同创始人：Dario Amodei,Daniela Amodei,Tom Brown,Jack Clark,Jared Kaplan,Sam McCandlish和Christopher Olah. 这一份额的票数相当于向一般股东提出的事项总表决权的50.1%。 A类股票每股一票。 主要由战略商业伙伴持有的N类股份不具有一般表决权，转让给非附属第三方后转为A类。 为雇员保留的E类股份具有有限的表决权。 T级，F级和E级股份不具有经济权利。

由于信托公司可以选出董事会多数，Anthropic根据Nasdaq治理规则有资格成为受控公司；备案公司声称，该公司的提名和公司治理委员会只能依靠豁免，其董事会目前拥有大多数独立董事，拥有完全独立的审计和赔偿委员会。

Anthropic向全资子公司Anthropic公益基金捐款846,840,960 Class N 股，占其截至2026年6月30日全部稀释股份的5%，假定Amazon 指出完全转换为全资子公司。 董事会批准，在股票价格高于前一个里程碑50%时，从最初的公开报价开始，每多发行高达2%的未发行股票。 每个共同创始人都承诺将个人Anthropic股权的80%用于慈善事业，一个单独的方案将员工对慈善事业的股权承诺与N级股份匹配。

风险和列入名单的途径

备案的风险因素摘要提到依赖开发先进的模型和确保适当的计算、保留共同创始人和关键技术雇员、竞争、可能滥用其模型或保障措施的失败、不协调或自主的模型行为、客户和分销渠道的集中、有限的运营历史、不断变化的监管和政治环境、对云供应商的依赖(同时也是投资者和客户)以及投票权集中在长期福利信托基金和创始人有限责任公司。

公开的备案遵循Anthropic2026年6月1日的公告，即它根据规则第135条秘密向证监会提交了一份注册声明草案，当时称公司股票数量和价格尚未确定，任何报价都将取决于市场条件。

证券在登记声明生效前不得出售。 封面上写着，拟公开销售可望在生效之后尽快开始。

本文由 AI图鉴自动抓取并翻译，版权归原作者所有；如需查看原文请点下方链接。

Funding

Anthropic Files S-1 Registration Statement for Nasdaq IPO

Add Unite.AI to your preferred sources on Google

Anthropic, PBC publicly filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission on October 26, 2026, for an initial public offering of its Class A common stock. The company has applied to list the shares on the Nasdaq Global Select Market.

SEC filing records show the 87-document submission, filed under the Securities Act of 1933, was accepted at 9:00:11 a.m. Eastern. The registrant is incorporated in Delaware, lists principal executive offices on Market Street in San Francisco, and names Chief Executive Officer and co-founder Dario Amodei and President and co-founder Daniela Amodei as agents for service.

The Offering’s Structure

The preliminary prospectus covers Class A common stock to be sold by Anthropic and by selling stockholders identified in the document. Anthropic will not receive any proceeds from shares sold by the selling stockholders, and prior to this offering there has been no public market for the Class A common stock. The number of shares to be offered and the estimated price range are blank, and the document states the information is not complete and may change. The registrant checked non-accelerated filer status.

The cover names underwriters Goldman Sachs & Co. LLC, Morgan Stanley, J.P. Morgan, Citigroup, Barclays, Wells Fargo Securities, BofA Securities, Deutsche Bank Securities, RBC Capital Markets, UBS Investment Bank, BMO Capital Markets, BNP Paribas, Credit Agricole CIB, Jefferies, Mizuho, MUFG, Societe Generale, TD Securities, BTIG, Cantor, Capital One Securities and Macquarie Capital. Wilson Sonsini Goodrich & Rosati and Freshfields US LLP are listed as counsel. The offering also extends to Australia, Canada, certain member states of the European Economic Area, Japan, Switzerland and the United Kingdom.

Business and Financial Profile

Anthropic was founded in 2021 and commercially launched its Claude models in the first quarter of 2023. The prospectus describes Claude’s uptake as “the fastest enterprise adoption of any technology in history,” with revenue growing from $0 at commercial launch.

The filing reports more than 11,900 customers generating $100,000 or more in trailing-twelve-month revenue as of September 30, 2026, along with more than 1,900 customers at $1 million or more and approximately 250 at $10 million or more. Net Revenue Retention stood at approximately 900% as of that date, according to the filing, which defines the metric as current-period revenue from qualified customers divided by their revenue in the corresponding year-earlier period, excluding Claude Pro and Max subscribers.

Revenue grew 1,368% year over year for the three months ended June 30, 2026, while compute and infrastructure expenses grew 300% over the same period, the filing states. It reports trailing-twelve-month revenue per employee of more than $6.6 million as of September 30, 2026, compared with $1.4 million as of September 30, 2025. As of June 30, 2026, Anthropic had raised an aggregate of $141.1 billion in capital and held $112.4 billion in cash and cash equivalents plus $19.3 billion in short-term investments.

Claude is distributed through joint go-to-market arrangements with Amazon Web Services, Google Cloud Platform and Microsoft Azure, and through systems integrators including Accenture, Deloitte, KPMG and PwC, the data platforms Salesforce and Snowflake, and Ode with Anthropic, a services venture launched with private equity partners. Claude Code entered research preview in February 2025 and Claude Cowork in January 2026, and the company began merging Claude Cowork and Claude.ai in September 2026. Anthropic reports that Claude Cowork adoption outpaced Claude Code at the equivalent point after its research preview, and that Claude Opus 5.5 reduced customer costs per task by approximately 40% compared with Claude Opus 5.

Governance and Public Benefit Framework

Anthropic is incorporated as a Delaware public benefit corporation whose certificate of incorporation identifies its public benefit purpose as “the responsible development and maintenance of advanced AI for the long-term benefit of humanity.” Its Long-Term Benefit Trust, implemented in 2023 as a body of five financially disinterested trustees, generally has authority through Class T common stock to elect and remove the Class T directors, who together constitute a majority of the authorized board members.

Immediately before the offering closes, Anthropic will issue a single share of Class F common stock to a Founder LLC whose initial sole members are its seven co-founders: Dario Amodei, Daniela Amodei, Tom Brown, Jack Clark, Jared Kaplan, Sam McCandlish and Christopher Olah. That share carries votes equal to 50.1% of total voting power on matters submitted to stockholders generally. Class A stock carries one vote per share. Class N shares, held primarily by strategic business partners, carry no general voting rights and convert to Class A upon transfer to an unaffiliated third party. Class E shares reserved for employees carry limited voting rights. The Class T, Class F and Class E shares carry no economic rights.

Because the trust can elect a board majority, Anthropic qualifies as a controlled company under Nasdaq governance rules; the filing states the company expects to rely only on the exemption for its nominating and corporate governance committee, and that its board currently has a majority of independent directors with fully independent audit and compensation committees.

Anthropic contributed 846,840,960 Class N shares, representing 5% of its fully diluted shares as of June 30, 2026 assuming full conversion of the Amazon Notes, to the Anthropic Public Benefit Fund, a wholly owned subsidiary. The board has approved discretionary issuances of up to an additional 2% of outstanding shares each time the share price appreciates 50% above the prior milestone, beginning with the initial public offering price. Each co-founder has pledged to dedicate 80% of their personal Anthropic equity to philanthropic causes, and a separate program matches employee equity pledges to charity with Class N shares.

Risks and Path to Listing

The filing’s risk-factor summary cites dependence on developing advanced models and securing adequate compute, retention of co-founders and key technical employees, competition, potential misuse of its models or failure of safeguards, misaligned or autonomous model behavior, customer and distribution-channel concentration, limited operating history, an evolving regulatory and political environment, reliance on cloud providers that are also investors and customers, and the concentration of voting power in the Long-Term Benefit Trust and the Founder LLC.

The public filing follows Anthropic’s June 1, 2026 announcement that it had confidentially submitted a draft registration statement to the SEC under Rule 135, when the company said the number of shares and the price had not been set and that any offering would depend on market conditions.

The securities may not be sold until the registration statement becomes effective. The cover states the proposed public sale is expected to commence as soon as practicable after effectiveness.

Auto-fetched and translated by AI Atlas. All rights belong to the original author.