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UPCOMING IPO
ANTHROPIC, PBC (ANT)
This company has not started trading yet. The live 5-factor QL signal switches on automatically on its first session.
About ANTHROPIC, PBC
For the first time in history, intelligence is something humans can build. The cognitive capability to reason, analyze, synthesize, decide, and create is producible at scale and accessible on demand. We believe this abundance of super intelligence 1 will rapidly transform every sector of the global economy in ways greater than the impact of industrialization, electricity, semiconductors, and the internet.
From ANTHROPIC, PBC's Form S-1/A filed with the SEC on 2026-11-10. The issuer's own words — QuantLogix does not paraphrase it.
Industry
Services-Prepackaged Software
Headquarters
San Francisco, CA
Fiscal year ends
December 31
The offering
Expected listing
2026-11-19Thu
Expected price range
$70–$78
Deal size
$74,003M
gross proceeds
Shares offered
825,000,000
Use of proceeds
We intend to use the net proceeds from this offering and the concurrent private placement for general corporate purposes, including working capital, operating expenses, and capital expenditures, including investments in compute and infrastructure, as well as hiring and retention of highly skilled personnel.
From ANTHROPIC, PBC's Form S-1/A filed with the SEC on 2026-11-10. Quoted from the prospectus.
Financials, as filed
The audited financial statements for this issuer are in its Form S-1/A filed 2026-11-10. QuantLogix only publishes figures it can read directly from the filing.
Risks ANTHROPIC, PBC flags in its own filing
- Our models have in the past behaved, and may in the future behave, in unintended, misaligned, or autonomous ways, including by taking harmful actions that no user or third party directed, which could adversely affect our reputation and brand, business, financial condition, and results of operations.
- Our success depends in large part on our ability to continue to develop the most advanced and capable AI models, and any failure to do so could adversely affect our business.
- If we are unable to secure adequate compute or if we fail to direct our compute effectively across our workloads, we may be unable to train models that remain competitive with those of our competitors or adequately serve our customers.
- Constraints on the critical inputs supporting compute could limit our ability to secure adequate compute.
- We are highly dependent on the continued service of our co-founders, senior management team, and key technical employees, and the loss of any of these individuals may adversely affect our business, financial condition, and results of operations.
- Our company culture has contributed to our success and, if we cannot maintain this culture as we grow, our business could be adversely affected.
The first 6 items of the issuer's “Summary of Risk Factors”, verbatim — the prospectus lists more. From ANTHROPIC, PBC's Form S-1/A filed with the SEC on 2026-11-10.
QL Listing Score — the prospectus, scored
Growthno evidence — excluded
Revenue quality90
250% net revenue retention stated
Technology57
technology-language density 5.5/10k words (lexical indicator, not a technical audit)
Risk67
issuer will be a "controlled company" under exchange rules · lighter-than-typical hedging language
Foundationno evidence — excluded
✓ No going-concern doubt✓ No material weakness disclosed✓ Single share class✓ No customer-concentration flag◆ Emerging growth company (reduced disclosure)◆ 250% net revenue retention stated
From ANTHROPIC, PBC's Form S-1/A filed with the SEC on 2026-11-10. Extraction is deterministic — the same filing always produces the same score; 155k characters of the document were scanned. Technology signals are lexical indicators, not a technical audit. Not investment advice; the debut itself will be this score's first grade.
Deal terms come from the public IPO calendar and change up to pricing — an expected date reads “to be announced” until the underwriters set it, and a range is not a final price. Implied market cap and float are arithmetic on those disclosed terms. Nothing on this page is a forecast or a recommendation.