Overview
- Reuters reported on Sept. 11 that Anthropic is discussing naming Nvidia as an anchor investor with Nvidia considering up to $10 billion for a planned IPO that could raise as much as $100 billion.
- Anthropic filed a confidential draft S-1 on June 1 and has reportedly chosen Nasdaq for an October listing window that aims to complete before the U.S. midterm elections.
- The IPO pitch rests on fast revenue growth, with the company saying its annualized run rate topped $65 billion by July, but investors will scrutinize large 2025 net losses reported near $42 billion and heavy compute costs.
- Anchor investors commit to buy a block of shares before broad marketing, so a Nvidia check would signal early confidence and deepen the chipmaker’s commercial ties to one of its biggest customers.
- Key deal mechanics remain unsettled, including final underwriting roles (reported banks include Goldman Sachs, Morgan Stanley, JPMorgan and Citigroup), prospectus disclosures on revenues and costs, and the SEC review on a tight timetable.