this post was submitted on 01 Jun 2026

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305

Anthropic confidentially files for initial public offering on US stock market (www.theguardian.com)

submitted 4 days ago by Wudi@feddit.uk to c/technology@lemmy.world

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[–] rumba@lemmy.zip 21 points 2 days ago (1 children)

I worked for a company once that went IPO and we had stock units assigned to us.

CEO: Companies try to stay private for as long as they can, they don't just IPO for the hell of it. They're trying to solve a problem with money. Maybe they owe people money, maybe they need to spend a bunch of money to take the company to the next level. An IPO doesn't fix any problems; rather, it turns one set of problems into a bigger, harder set of problems.

[–] Croquette@sh.itjust.works 20 points 2 days ago (1 children)

Founders try to cash in. They've raised the cow, now's the time to send it to the butcher for parts

[–] rumba@lemmy.zip 3 points 2 days ago (1 children)

You don't have to IPO to cash out, people cash out of private ventures all the time.

If the founders all want to cash out at once, or there's a iceberg that the see, or the company isn't as liquid as it needs to be to cash out....

I strongly suspect they either can't find or sustain the profit, or they think the bubble is close enough to get out early.

[–] Croquette@sh.itjust.works 1 points 1 day ago (1 children)

IPO brings a lot of money though, much more than seed money.

[–] rumba@lemmy.zip 1 points 1 day ago

It brings tons of money, but also a microscope and public disclosure. You lose a LOAD of control over the company and get to be inspected by lots of entities. And if you have a badish quarter, you're held directly accountable by the public.

They usually don't want all that if the company is doing fine.

[–] melsaskca@lemmy.ca 30 points 3 days ago (1 children)

Does the US Stock Market even mean anything anymore? It's been screwed and manipulated by so many people it's mostly a dead corpse that holds no real value for society anymore. Just a broken money tool of the rich.

[–] BeMoreCareful@lemmy.world 18 points 3 days ago (1 children)

I think, at this point, it's really just like a dozen people trying to control the world via trading money that is essentially meaningless to them.

[–] msage@programming.dev 13 points 2 days ago

And holds peoples retirements and investments.

Since you have very few places to put money into that won't get eaten by inflation.

[–] absquatulate@lemmy.world 114 points 4 days ago (10 children)

Interesting. I thought companies usually waited until they at least had a good product or cashflow before going for enshittification.

[–] SupraMario@lemmy.world 120 points 4 days ago (5 children)

It is odd that the 3 big players are trying to rush to IPO... probably to dump their shit and cash out before the bag holders have time to sell... I've got a feeling they know it's going to crash soon.

[–] artyom@piefed.social 24 points 3 days ago

They have to beat OpenAI and SpaceXitter because they're afraid the investors will jump on the first AI bandwagon that comes around and have less or no money for them.

[–] RxBrad@infosec.pub 3 points 2 days ago (3 children)

They have a lot less runway to enshittify than everything else we've seen recently. Because AI is way more expensive than anything else we've gotten for "free". Which means they're already on borrowed time.

Hopefully they get it over with sooner rather than later. The longer it takes, the more my retirement savings gets fucked.

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[–] OhNoMoreLemmy@lemmy.ml 44 points 4 days ago* (last edited 4 days ago) (1 children)

Got to cash out their shares using your pension fund before they go bankrupt.

[–] chocrates@piefed.world 19 points 3 days ago (2 children)

Is there any way to get my 401k to not invest in this shit?
I don't want my entire retirement to go up in smoke... Again. There isn't even that much of it 😭

[–] vagrancyand@sh.itjust.works 14 points 3 days ago* (last edited 3 days ago) (1 children)

Real answer:

Depends on who manages your 401k. Some servicers do allow 'custom' or otherwise 'alternative' management options, with some allowing you to focus on specific companies or industries.

Others might take your call at least and if you raise enough of a stink you might get shoved into an alternative plan out of spite, but that's what you want, so you win.

Joke Answer

Take out all your money, pay off the fee, use the money to buy a used Komatsu D355A crawler tractor and at least a half pallet each of of concrete bags and rebar as well as an extra diesel tank and a decent amount of diesel. Then just find your local senator's personal home and

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[–] Passerby6497@lemmy.world 26 points 3 days ago (1 children)

You forgot about option 3: VC money ran out

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[–] matt1126@feddit.uk 12 points 4 days ago

It’s a speedrun 🙃

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[–] thespcicifcocean@lemmy.world 14 points 3 days ago (3 children)

Time to short the fuck out of them, I guess.

[–] CanIFishHere@lemmy.ca 5 points 3 days ago

You absolutely should do that.

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[–] roserose56@lemmy.zip 3 points 2 days ago

Market manipulation it is then. Let's go lads! I will be dancing over their grave once they go bankrupt.

[–] Jhex@lemmy.world 50 points 3 days ago* (last edited 3 days ago) (2 children)

how can you file confidentially for a public offering?

that's like throwing a public party where you are expecting to make money off the cover charge but not telling anyone about it

[–] jonathan@piefed.social 32 points 3 days ago (2 children)

Poor wording. The content of the filing is confidential, not the act of filing.

[–] Imgonnatrythis@sh.itjust.works 18 points 3 days ago

I had read confidently and was like I bet you smug bastards.

[–] W3dd1e@lemmy.zip 7 points 3 days ago (2 children)

But don’t the public investors need that info to decide? Like a prospectus?

I don’t know that much about IPOs. I’m just assuming.

[–] ohulancutash@feddit.uk 7 points 3 days ago* (last edited 3 days ago) (1 children)

First the SEC and other authorities need to vet the offering. By filing confidentiality this initial stage is kept from competitors.

It means that instead of filing publicly 90-120 days ahead, they can hold off public prospectus to 21 days ahead of launch.

[–] wewbull@feddit.uk 5 points 3 days ago

Well that's shady as fuck.

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[–] ohulancutash@feddit.uk 11 points 3 days ago (1 children)

First an IPO has to get SEC approval. A confidential filing means they send the information to the SEC without it being generally available. The public prospectus follows after approvals are given.

[–] Jhex@lemmy.world 3 points 3 days ago

good to know… thanks for the info

[–] reluctant_squidd@lemmy.ca 40 points 3 days ago (8 children)

Let the unhinged enshitification begin!

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[–] cupcakezealot@piefed.blahaj.zone 21 points 3 days ago (2 children)

i cant wait until the bubble bursts and every single ai company collapses

[–] tmyakal@infosec.pub 11 points 3 days ago (1 children)

I can. They're propping up the whole stock market at this point. Pretty much the definition of "too big to fail." So when they inevitably fail, Congress is going to give them our tax dollars.

[–] Peruvian_Skies@sh.itjust.works 14 points 3 days ago

Congress is already giving them your tax dollars. They've gotten a number of tax breaks and subsidies.

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[–] RampantParanoia2365@lemmy.world 6 points 2 days ago* (last edited 2 days ago) (1 children)

As the Bloodhound Gang said: Lift your head up high, and blow your brains out.

*Whoops, that's confidentially, not confidently. Still.

[–] baggachipz@sh.itjust.works 5 points 2 days ago (1 children)

Life is short and hard, like a body-building elf

[–] sydd@lemmy.world 3 points 2 days ago (2 children)

I don't remember that song.

[–] ripcord@lemmy.world 2 points 2 days ago

Same song

[–] baggachipz@sh.itjust.works 2 points 2 days ago

Go listen to One Fierce Beer Coaster RIGHT NOW. I’ll wait right here.

[–] boaratio@lemmy.world 11 points 3 days ago (2 children)

Why do all these headlines say that a company "confidently" files for an IPO? I'm assuming it's just AI, but man is that tired and confusing.

[–] MacAttak8@lemmy.world 27 points 3 days ago (2 children)

Confidentially. I read confidently at first too.

[–] prole@lemmy.blahaj.zone 12 points 3 days ago* (last edited 3 days ago) (2 children)

So they confidentially go public. Makes sense lol

[–] ID10T@programming.dev 3 points 2 days ago* (last edited 2 days ago)

It does, actually. From the article:

Anthropic’s confidential filing will give regulators a period to look over the company’s financial disclosures before the AI firm’s investor prospectus becomes public. Filing confidentially has become common for major firms, with SpaceX approaching its IPO in the same manner.

[…]

“This gives us the option to go public after the SEC completes its review. The proposed initial public offering will depend on market conditions and other factors,” Anthropic said.

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[–] ripcord@lemmy.world 2 points 2 days ago (1 children)

OK, but same question

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[–] Moxie_empathizer@lemmy.world 15 points 3 days ago* (last edited 3 days ago)

A company worth 4 billion has produced 5 billionaire..its all a crock. Apologies, thought we were talking of Palantir.

[–] wildncrazyguy138@fedia.io 12 points 4 days ago (4 children)

I really hope that some of these big players in the AI market will stay private. There are already enough headwinds to them being a force of good in the world without having to report to shareholders of the lowest denominator.

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