Anthropic

Anthropic develops Claude artificial intelligence models and tools for using them. People turn to Claude to analyze documents, draft texts, find answers, and solve programming tasks. Companies connect the models to their own applications and workflows.

The product range includes the Claude AI assistant, Claude Code for software development, and access to models through an API – an interface for integrating them into other services. Claude Code can explore a project, modify code, and run checks, helping developers complete tasks in their usual working environment.

Anthropic earns revenue from paid subscriptions, enterprise plans, and usage-based access to its models. Usage charges depend on the selected model and the amount of information processed. Customers can access Claude directly or through partner cloud platforms.

The company focuses on making AI reliable and controllable: it studies model behavior, tests limitations, and develops ways to reduce incorrect or harmful responses. Claude's outputs need to be checked, especially when an error could affect an important decision.

Regolith accepts preliminary applications to participate in Anthropic's IPO through a booking format. You deposit funds and reserve participation in the future offering. The final transaction date and offering terms have not yet been confirmed.

A valuation of approximately $2 trillion has been reported in the media. It is a preliminary estimate and may change. Final terms are confirmed before the transaction; submitting an application does not guarantee an allocation of shares.

If the IPO takes place and an allocation is granted, the booking automatically converts into a share purchase at the actual IPO price within the allocated amount. If the offering does not take place or no allocation is provided, the booking is cancelled and the funds are returned to your account.

The minimum participation amount is $1,000. A 93-day lock-up period applies after the IPO, during which the shares cannot be sold. The entry fee is 5%, and the performance fee is 30%.

IPO investments involve the risk of a decline in share value and do not guarantee returns.

• Investors: Amazon and Google are among the company's strategic partners. In May 2026, Anthropic raised $65 billion in a Series H round led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital. The post-money valuation was $965 billion. This is a private funding round valuation, rather than a confirmed IPO valuation.
• Enterprise applications: according to Anthropic, Pfizer uses Claude through Amazon Bedrock for research and operational tasks, Intuit uses it to explain tax calculations, and the European Parliament uses it to search and analyze official documents. These examples illustrate applications in pharmaceuticals, financial services, and public institutions.
• Distribution channels: Claude is available through AWS, Google Cloud, and Microsoft Azure. Enterprise customers can use the models within their existing cloud infrastructure. AWS remains Anthropic's primary cloud and model training partner.
• Technology ecosystem: Anthropic created the open Model Context Protocol (MCP), which connects AI assistants to data sources and tools. Developers can use a common standard to connect models to work systems instead of building a separate integration for every source.
• Financial scale: Reuters reported on September 29, 2026, based on its review of a confidential prospectus, that Anthropic's 2025 revenue was approximately $4.6 billion, increasing roughly twelvefold. Operating losses exceeded $8 billion. Rapid sales growth is accompanied by substantial spending on business development.
• Growth constraints: the same Reuters report stated that 47% of 2025 sales came through Amazon and Google. These partners provide computing capacity, invest in Anthropic, and compete with it in AI. Dependence on their infrastructure and sales channels is a significant risk factor.
• Corporate governance: Anthropic is a Public Benefit Corporation. Its stated purpose includes responsible AI development in society's long-term interests. The Long-Term Benefit Trust participates alongside shareholders in appointing the board of directors. This structure influences the company's strategic decisions.

Anthropic was founded in 2021 by Dario and Daniela Amodei together with a team of former OpenAI employees. Dario became CEO and Daniela became President. The team initially focused on AI reliability research: how to train more powerful models, understand their behavior, and manage their outputs.

In May 2021, Anthropic announced $124 million in its first funding round, led by Skype co-founder Jaan Tallinn. In April 2022, the company raised another $580 million. At the time, around 40 people worked in its San Francisco office. The funding supported computing infrastructure and research into the safety of large models.

In March 2023, Anthropic introduced Claude to the public. Before launch, the assistant underwent closed testing with partners including Notion, Quora, and DuckDuckGo. Chat and API access helped turn the company's research into a product for users and developers.

The Claude 3 family launched in March 2024: Haiku, Sonnet, and Opus. The models differed in speed, capabilities, and cost. They could analyze images, charts, and technical diagrams, expanding Claude's applications in document work.

In November 2024, Anthropic expanded its partnership with Amazon, making AWS its primary cloud and model training partner. That month, the company also released MCP, a protocol connecting AI to external data. These steps expanded its training infrastructure and product integration capabilities.

In February 2025, Anthropic introduced Claude Code as a research preview. In May, alongside the launch of Claude 4, the tool became generally available and gained integrations with VS Code and JetBrains development environments. The company expanded its programming capabilities from chat responses to carrying out tasks inside a project.

In October 2025, Anthropic opened its first Asia-Pacific office in Tokyo. It also signed a memorandum of cooperation with Japan's AI Safety Institute. Its international expansion included working with enterprise customers and contributing to standards for evaluating models.

In May 2026, Anthropic closed its Series H round. On June 1, the company announced that it had confidentially submitted a draft S-1 registration statement to the SEC for a potential IPO. Anthropic stressed that the offering depended on market conditions and other factors. The timing and final terms depend on preparations for the transaction and market conditions.

1. What is an IPO?

An IPO (Initial Public Offering) is the first public offering of a company’s shares. It allows the company to raise capital from investors and begin trading its shares on a stock exchange.

2. Where do IPOs take place?

Companies conduct IPOs on major stock exchanges around the world. In the United States, these are primarily NYSE (New York Stock Exchange) and Nasdaq. After listing, shares begin trading on these exchanges, where their market price is determined.

3. What is an allocation?

An allocation is the number of shares or participation amount assigned to an investor in an offering. It may be smaller than the amount requested and depends on demand and the available supply of shares.

4. How much allocation does an investor receive?

The allocation depends on the terms of the offering, demand, and the available supply of shares. The exact allocation is not known in advance. Once the distribution of shares is confirmed, investors are informed of their actual participation amount.

5. Why do companies go public?

To raise capital for growth, increase brand recognition, and allow early investors and employees to sell some of their shares.

6. How does participating in an IPO differ from buying shares on an exchange?

In an IPO, you participate in a share purchase at the offering price before exchange trading begins. After listing, shares are purchased at the current market price, which may be higher or lower than the IPO price.

7. What do I receive by participating in an IPO through Regolith?

Once participation is confirmed and an allocation is granted, your funds are used to purchase company shares in the IPO through Regolith’s partner infrastructure. After the shares are sold, the proceeds are distributed among investors in proportion to their participation, taking account of the fees specified in the agreement. The financial result may be positive or negative.

8. What is a lock-up period and how long does it last?

A lock-up is a period during which shares cannot be sold. For this offering, it lasts 93 days after the IPO. Shares cannot be sold during the lock-up. After it ends, the shares are sold on the exchange, and the proceeds are distributed among investors under the terms of the agreement.

9. How does participating through the platform differ from buying shares independently?

Independent IPO participation requires a broker that provides access to the offering. Investor requirements, minimum amounts, and available allocations depend on the broker and the transaction. The platform pools investor capital and arranges participation through partner infrastructure.

10. Who facilitates participation in the IPO?

We work through a US structure that cooperates with a licensed broker in the United States. The partner selects prospective IPOs and participates in offerings in its own name.

11. How is the transaction structured legally?

The investor enters into an offer agreement / investment product participation agreement. Regolith then transfers funds to its partner structure, Wealthy Labs Limited (the provider), which enters into a forward contract with the broker and handles all transaction operations. Once the transaction is completed, the provider transfers the financial result to Regolith, which distributes the amount among investors.

12. Is there a minimum participation amount?

Yes. The minimum participation amount for this offering is $1,000.

13. Will exchange-listed shares be credited to my personal brokerage account?

No. Shares are purchased and held in the brokerage account of the partner infrastructure. After the lock-up period, the broker sells them on the exchange and transfers the proceeds for distribution among investors.

14. Can the shares be transferred directly to my brokerage account?

This option is not available, as participation is arranged through a forward contract with the partner’s brokerage infrastructure. The transaction is executed in the partner’s name, and settlements with investors are handled through the platform. Our platform acts as an intermediary in the transaction.

15. How can I sell my shares after the IPO?

The sale takes place automatically: after the lock-up period, the partner broker sells the shares on the exchange. We then distribute the proceeds among investors in proportion to their participation in the transaction.

16. What risks are involved in IPO investments?

IPOs are high-risk investments. The share price on the first trading day and after the lock-up period may fluctuate significantly and fall below the offering price. Macroeconomic and industry factors also affect the result. The offering may be postponed or cancelled. During the lock-up, investors cannot exit the transaction even if the share price declines.

17. Can I know in advance how much I will earn?

IPO returns are not guaranteed in advance. The final result depends on the share price when the shares are sold after the lock-up, overall market conditions, the company’s financial performance, and transaction fees. Losses are possible.

18. Can I verify that Regolith actually participates in the IPO?

We publish all available transaction information in the personal account. We also have an agreement disclosing the infrastructure through which we participate in transactions. Supporting documents from brokers and partners are not disclosed, as they contain confidential information and are protected by contractual arrangements.

19. What does a preliminary IPO participation application mean?

A preliminary application allows you to express interest in participating in an IPO before the final offering terms are confirmed. You submit an application and deposit funds through a booking format. If the IPO takes place and an allocation is granted, the deposited funds are used to purchase shares at the actual IPO price within the allocated amount. If the offering does not take place or no allocation is provided, the booking is cancelled and the funds are returned to your account. The timing and terms of the offering may change. Submitting an application does not guarantee an allocation of shares.