
Anthropic and OpenAI are racing to become the first major AI company to complete an Initial Public Offering (IPO) before the end of 2027.
The competition involves Anthropic (creator of Claude) and OpenAI (creator of ChatGPT and backed by Microsoft).
Anthropic has already taken the formal first step by confidentially filing IPO paperwork in June 2026, while OpenAI has not yet publicly filed but is laying groundwork for a potential $1 trillion valuation listing.
The winner establishes strategic market dominance in the public AI sector, potentially securing capital advantages and branding prestige if AI enthusiasm wanes later.
Note: A confidential S-1 filing grants the option to go public after SEC review but does not guarantee an IPO will occur or confirm a specific listing date.
Anthropic confidentially submitted a draft S-1 registration statement to the SEC, formally entering the IPO pipeline ahead of OpenAI.
investing.comBloombergAnthropic announced its intention to become publicly traded in the United States, while OpenAI is reportedly contemplating an IPO later in the year.
BBCAnthropic bankers have lined up investor meetings, with the company potentially hitting public markets as soon as October 2026.
CNBCOpenAI may submit a filing to securities regulators in the latter half of 2026, though no date is confirmed.
Yahoo NewsAnthropic expected to potentially launch its IPO if market conditions remain supportive and SEC review proceeds smoothly.
CNBCyoutube.comAI-generated briefing. AI can make mistakes. This is not financial advice.
Anthropic has already confidentially filed a draft S-1 with the SEC, giving it a confirmed regulatory head start over OpenAI which has not yet filed.
investing.comCNBCRecent reports indicate Anthropic is actively lining up investor meetings for an October 2026 debut, positioning it to beat OpenAI to the public markets.
CNBCyoutube.comAnalysts suggest Anthropic is striving to outpace OpenAI to gain a strategic edge in accessing public markets before potential shifts in AI market enthusiasm.
CNBCReutersAI-generated briefing. AI can make mistakes. This is not financial advice.
Anthropic explicitly stated its proposed offering depends on market conditions and other factors, meaning no IPO date is confirmed despite the filing.
investing.comsmartasset.comOpenAI is preparing for a potentially historic IPO with a valuation up to $1 trillion and may submit a regulator filing as soon as the latter half of 2026, creating a tight race.
Yahoo NewsOpenAI's CFO noted in late November 2025 that a public listing is not part of the startup's immediate plans, but the company is still laying groundwork that could accelerate its timeline unexpectedly.
AI-generated briefing. AI can make mistakes. This is not financial advice.