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Anthropic would publish audited financial statements, if they saw it to be in their interest.
by seafoam 1mo ago
Anthropic would publish audited financial statements, if they saw it to be in their interest.
- Analemma_ 1mo agoWhich pre-IPO companies publish audited financial statements?
- williamcotton 1mo agoIt is still in their interest to not report "false or misleading statements that you or others on your behalf make regarding your company." https://www.sec.gov/resources-small-businesses/exempt-offerings/frequently-asked-questions-about-exempt-offerings https://www.sec.gov/resources-small-businesses/exempt-offeri...
- estearum 1mo agoAnd why would it be in their interest...?
- brookst 1mo agoScratching my head too. Why? Spend a lot of money and effort, to share info you don’t have to, which can only create liability?
- __natty__ 1mo agoAs someone who does not understand how IPO works. So they do not need to show whole “big picture” of their revenue vs costs before going public? Wouldn’t build it trust to show they are healthy company worth investing besides speculation? (It must be naive question from)
- pineaux 1mo agoNo, as i understand it: the underwriters are the banks that write out the shares and give a sort of guarantee. So they decide the price of the IPO.
- wtf_is_up 1mo agoYes, they have to file an S-1 with the SEC as part of the process. This lays out business operations in detail, including risks. For instance, here is the SpaceX S-1: https://www.sec.gov/Archives/edgar/data/1181412/000162828026036936/spaceexplorationtechnologi.htm https://www.sec.gov/Archives/edgar/data/1181412/000162828026...
- aix1 1mo agoYes they do. They have to file an S-1 with the SEC, which will be made public about a month before the IPO. The S-1 has to include, among other things, three years of audited financial statements, plus interim statements (unaudited). It will cover both revenue and expenses, the latter breaking out things like cost of revenue, R&D, sales and marketing etc. Based on the (unofficial but reported) IPO target date of late Sep to early Oct, the S-1 will have to be made public in a few weeks from now.
- sandworm101 1mo agoThey do, but the accounting rules change based on context. They will file an S1 today outlining how they are rolling in profits then, come tax time, suddenly they are hemorrhaging money. Flesh-and-blood investors have lost all trust in financial filings. See SpaceX.
- budsniffer952 1mo agoYou think Elon Musk fans were reading the financials??? The financials were always bad. Everyone with half a brain avoided the IPO. Did you?
- sandworm101 1mo agoExactly. The financial filings don't matter. Even the people that read them immediately dismiss them.
- budsniffer952 1mo agoOf course they do. The HN braintrust is mostly financially illiterate and sees conspiracies and fraud everywhere. This is the biggest capital buildout on history. Saying money will be wasted is not insightful, it's obvious.
- arjie 1mo agoIt's obviously not in their interest. Disclosing would only work as marketing for their IPO and it's the most anticipated IPO in history and needs no marketing. There is like zero positive side to disclosing audited financial statements and massive liability.
- eddq 1mo ago"There is like zero positive side to disclosing audited financial statements and massive liability." Why are you posting about stuff you have zero clue about? Oh theres no positive side... yes there is. There is a huge amount of failure risk weighing on both OAI and Anthropic - investors don't care about how great you claim your technology is gonna be. They want to know if a viable buisiness model is taking form and whether you will be around long enough given the investment time horizon of the investor. Right now China is making that failure risk even larger. This directly affects the IPO.
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- dominotw 1mo agosounds like you dont know what you are talking about. Investors in anthropic dont need public only info. They get disclosures already.