Investors eagerly await key Anthropic filing to see blockbuster IPO will stoke demand

With investors likely to get more details of Anthropic’s pending initial public offering as soon as Friday, the question is whether the official disclosures for the AI giant will actually stoke demand –  or cause investors to think twice before tapping into stock, On The Money has learned.Friday could be the day when the AI darling’s S-1 or official offering statement is officially made public in its final form, Wall Street sources say.The company confidentially filed its draft S-1 with securities regulators in June, parts of which have leaked to the press.

Morgan Stanley and Goldman Sachs are reportedly serving as the so-called lead underwriters of a stock sale that could raise as much as $100 billion from investors, valuing the company at as much as $2 trillion.Wall Street sources caution me on the exact timing of the filing – it could come early next week.It could also very possibly not come at all given the current volatility of stocks tied to AI as investors gauge the profitability of the technology or whether current valuations are at bubble highs. A no-go, however, appears to fall more in the theoretical possibility lane as underwriters believe the filing is coming imminently, as is the IPO.

That should be set for sometime in mid-November.The official S-1 will put more meat on the old bones of Anthropic’s story than has been disclosed so far to investors.It will show, for example, that the company is losing money – and a lot, as much as $80 billion in the first half of the year, sources say.The lack of profitability, however, isn’t the only thing motivating investors – it’s the growth of the business, and that’s where things get interesting in reading the document.The S-1 will explain the company’s sizable risk factors that savvy traders are already betting on through their investments in stocks of companyies that service the AI infrastructure.

That adds to the recent volatility in shares of Crowdsource, Nvidia and even Oracle.It’...