The IPO is expected to establish Anthropic as a benchmark for how Wall Street values leading AI companies, including rival OpenAI.

AI company Anthropic filed for an initial public offering Monday in what could become one of the largest stock market debuts in history.

In its filing with the Securities and Exchange Commission, the company said it plans to list under the ticker ANT.

Oil prices moved lower, with Brent crude futures falling 1.4% to $115.02 a barrel and US West Texas Intermediate declining 2% to $101.01 a barrel.

The IPO is expected to establish Anthropic, the AI lab behind the viral Claude models, as a benchmark for how Wall Street values leading AI companies, including rival OpenAI.

Anthropic's filing did not disclose the number of shares to be sold or a pricing range. The company reported revenue of $16.3 billion for the first half of the year. It also posted a net loss of $80.7 billion over the same period.

Anthropic's IPO filing marks a significant step toward becoming the first public listing for a frontier AI lab. The company has raised a total of $3.5 billion in various funding rounds leading up to its IPO. Significant investments have come from major companies including Amazon.com and Alphabet's Google. Anthropic is currently projecting revenue of approximately $190 billion to $200 billion in 2028.

Claude's developer Anthropic posted a first-half loss of more than $80.7bn. It held $112.4bn in cash or equivalents. Revenue over the same period reached $16.3bn. Its valuation at listing is expected to top SpaceX's roughly $1.8 trillion.