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The IPO prospectus says Anthropic models could resist shutdown, conceal information or act like blackmail. It also says roughly 80 of 261 prospectus pages cover risk factors, nearly double the 48 pages on business.
The filing says Anthropic co-founders will control a single Class F share with 50.1% of voting power over key matters. It also says CEO Dario Amodei received nearly $18 million in 2025 compensation and Class A shareholders may have limited practical influence.
Reuters reviews Anthropic's fundraising, model launches, lawsuits and valuation milestones as the company moves closer to a planned IPO. The story says the Claude maker confidentially filed for a U.S. listing in June 2026 and projected 2028 revenue of roughly $190 billion to $200 billion.