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Anthropic confidentially submits draft S-1 to the SEC

anthropic.com

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Re: Anthropic confidentially submits draft S-1 to the SEC

#81

Post by noelsusman »

roadside_picnic wrote: post #52
cmiles8 wrote: post #25

There is a mad rush to get these IPOs out the door before the market sneezes.

It's more insidious than that. These IPOs aren't being rushed, they were waiting for all the pieces to be in place to force 401ks and other retirement plans to buy these IPOs. The most recent change was the NASDAQ adopting the "fast change rule" which allows newly IPO'd companies to be listed in the index after only 15 days of trading. This rule was decided March 30, 2026 and only came into effect May 1, 2026. The pl…

Very few 401ks offer the NASDAQ 100 as an investment option. Last I checked it was <1%.

Re: Anthropic confidentially submits draft S-1 to the SEC

#82

Post by 2OEH8eoCRo0 »

neovive wrote: post #22

If OpenAI and Anthropic eventually become public companies with trillion-dollar valuations, it will be interesting to see if their company ethos remains the same. With that much purchasing power, it's very tempting to gobble up competitors and raise prices.

There is significant first-mover advantage for torching your ethos.

Re: Anthropic confidentially submits draft S-1 to the SEC

#83

Post by Arubis »

pton_xd wrote: post #64
herpdyderp wrote: post #32

Earlier quoted context omitted.

The question is not "if" they will lose their ethos but "how long will it take".

If "Open AI" was their ethos, it was lost immediately. I'm not sure what the ethos of Anthropic is.

I gather most of the ethos behind Anthropic is "we don't want to work with Sam".

Re: Anthropic confidentially submits draft S-1 to the SEC

#84

Post by PUSH_AX »

rottencupcakes wrote: post #76
PUSH_AX wrote: post #49

Earlier quoted context omitted.

Time in market > timing the market.

It's this sort of mentality and the prolitferation of passive investing that gives these companies the opportunity to pass the bag.

“Passive investing” is not the same as “buying anything at any price”. Index funds follow transparent rules and weights. If the company is overvalued, that overvaluation is set by the wider market, not just passive investors.

Re: Anthropic confidentially submits draft S-1 to the SEC

#85

Post by ozgrakkurt »

neovive wrote: post #22

If OpenAI and Anthropic eventually become public companies with trillion-dollar valuations, it will be interesting to see if their company ethos remains the same. With that much purchasing power, it's very tempting to gobble up competitors and raise prices.

what is their company ethos? They are some of the most despicable tech companies in my opinion.

Re: Anthropic confidentially submits draft S-1 to the SEC

#86

Post by barbazoo »

sschueller wrote: post #45

Where will it be listed? I am considering selling all my index ETFs in those markets until the this blows over.

I've heard of the changes to the NASDAQ rules and I somewhat get how they make it so these stocks are included in index funds earlier than before. As far as I know, NYSE and others haven't done the same change so index funds there are "safe", i.e. will include the stocks only after a longer period, implying that it will have settled in value by then. Is that true at all? I'm sure the situation is much more complicated, but I do wonder how to figure out how much I'm affected.

Re: Anthropic confidentially submits draft S-1 to the SEC

#87

Post by fieldcny »

johnQdeveloper wrote: post #77
neovive wrote: post #22

If OpenAI and Anthropic eventually become public companies with trillion-dollar valuations, it will be interesting to see if their company ethos remains the same. With that much purchasing power, it's very tempting to gobble up competitors and raise prices.

They already do both. The real competition is coming out of China right now and I doubt the Chinese government is going to let them buy out their "fast follower" AI companies that are consistently 6-12 months behind in terms of quality. That said, I'm factoring quality as in Opus 4.5/Sonnet 4.5/GPT-5.5 as break points since I haven't really seen an improvement since that point when using AI.

You speak so authoritatively about quality and performance of these models, yet there are no quantitative metrics that correlate to real world outcomes that indicate that the quality and performance of these models is anything but subjective noise and classic benchmark nonsense.

A company consumed half a billion dollars worth of tokens in a month and nobody noticed anything until the bill came due.

Tha $500m dollars is roughly equivalent to 2000 people working for a year or 500 people working for four years, they can and would accomplish a lot if they worked in companies that add value to the economy by solving real problems.

Re: Anthropic confidentially submits draft S-1 to the SEC

#88

Post by mirekrusin »

pton_xd wrote: post #64
herpdyderp wrote: post #32

Earlier quoted context omitted.

The question is not "if" they will lose their ethos but "how long will it take".

If "Open AI" was their ethos, it was lost immediately. I'm not sure what the ethos of Anthropic is.

Go public so everybody can benefit?

Re: Anthropic confidentially submits draft S-1 to the SEC

#89

Post by FireBeyond »

roadside_picnic wrote: post #52
cmiles8 wrote: post #25

There is a mad rush to get these IPOs out the door before the market sneezes.

It's more insidious than that. These IPOs aren't being rushed, they were waiting for all the pieces to be in place to force 401ks and other retirement plans to buy these IPOs. The most recent change was the NASDAQ adopting the "fast change rule" which allows newly IPO'd companies to be listed in the index after only 15 days of trading. This rule was decided March 30, 2026 and only came into effect May 1, 2026. The pl…

Very true. Anthropic just raised money at the end of last week.

There's no way they could have done that without telling those investors the S-1 was prepared and awaiting their signature on the round before they hit Submit, so to speak.

Re: Anthropic confidentially submits draft S-1 to the SEC

#90

Post by 0123456789ABCDE »

iLoveOncall wrote: post #68
0123456789ABCDE wrote: post #62

Earlier quoted context omitted.

excuse me. what am i being sold, in this so called marketing ?

You? Nothing. Private investors? The dream of an IPO.

they closed series h, last thursday†. what are you on about?

† https://www.anthropic.com/news/series-h

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