Matt Scherer urges SEC to block Anthropic IPO until it discloses audited finances

The SEC Should Block Anthropic's IPO to Protect the Public

Matt Scherer wants the SEC to stop Anthropic's planned November IPO until the company files two consecutive quarters of audited financials and discloses all major spending commitments. He says Anthropic holds $96 billion in cash but carries $895 billion in contractual commitments, at least $582 billion of it non-cancelable payments to five companies, and its 2026 results have not been formally audited.

Why it matters: Scherer argues the IPO would shift Anthropic's huge spending commitments onto retirement accounts and retail investors.