(Not yet disclosed)
Anthropic
AI safety and research company developing reliable, interpretable and steerable artificial intelligence systems, including the Claude family of AI models.
Expected to list on 5 October 2026, subject to change
Not yet announced
Expected price
$2.0T expected IPO valuation
Expected Market Value
Nasdaq or NYSE
Exchange (TBC)
Last updated: 24 September 2026. IPO terms, instrument availability and market data can change. Verify key details against the latest official announcement.
2021
Founded
$65 billion — Series H
Latest Funding
$965 billion
Latest private valuation
$2 trillion
Potential IPO valuation
$65 billion
Latest reported annualised revenue
Claude
Main product
Anthropic Company Overview
Anthropic, PBC has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC) on June 1, 2026, for a proposed initial public offering of its common stock. The company has not yet publicly disclosed the number of shares to be offered, IPO price range, final valuation, ticker symbol, exchange or confirmed listing date. The IPO remains subject to SEC review and market conditions.
Current reports indicate that Anthropic is targeting a potential IPO in October 2026, with the public prospectus potentially becoming available in late September. The offering could raise as much as approximately $100 billion and potentially value Anthropic at around $2 trillion, although these figures are preliminary and have not been confirmed by Anthropic.
Morgan Stanley, Goldman Sachs, JPMorgan and Citigroup are among the banks working on the offering. Morgan Stanley is reportedly expected to have the lead-left role, while Goldman Sachs is expected to have a senior stabilization role. Barclays is also expected to participate.
Anthropic's latest private financing round was a $65 billion Series H completed in May 2026 at a post-money valuation of approximately $965 billion. The company has not yet disclosed public IPO financial statements because its S-1 remains confidential.
| Field | Details | Information |
|---|---|---|
| ISO 27001 | Information Security Management | Anthropic is certified to ISO/IEC 27001:2022, covering its information-security management system. (Claude) |
| ISO 42001 | AI Management System | Anthropic is certified to ISO/IEC 42001:2023, covering AI governance and responsible AI management. (Anthropic) |
| Certification Body | Independent certification | Anthropic's ISO 42001 certification was issued by Schellman Compliance, LLC, an accredited certification body. (Anthropic) |
| ISO 42001 Scope | AI research, development & services | The certification covers Anthropic's AI management system supporting AI research & development and AI services, including its roles as AI producer, developer, and product/service provider. (Amazon Web Services, Inc.) |
| Certificate Number | ISO 42001 registration | Anthropic's ISO 42001 certificate lists Certificate No. 1806475-1. (Amazon Web Services, Inc.) |
| ISO 42001 Certification Date | Initial certification | The certification decision for ISO/IEC 42001 was made on January 6, 2025. (Amazon Web Services, Inc.) |
| Compliance Documentation | Trust Center | Anthropic provides its ISO 27001 and ISO 42001 certificates and related compliance documentation through its Trust Center. (Claude) |
Key facts to know about Anthropic before the IPO
Anthropic is not a single-product company. The listing consolidates three reported business segments, each with its own addressable market.
Latest Valuation
Post-money valuation from Series H
965
billion USD
Potential IPO Valuation
Reported potential public-market valuation
2
trillion USD
Revenue Run Rate
Annualised revenue
65
billion USD
Latest Valuation
Post-money valuation from Series H
965
billion USD
Potential IPO Valuation
Reported potential public-market valuation
2
trillion USD
Revenue Run Rate
Annualised revenue
65
billion USD
Backed by tech's biggest names. Used by many of the world's biggest companies.
Anthropic isn't a company betting on a single product. It's one of the most heavily backed private companies in history, and its Claude models are already reported to be in use across a large share of the world's biggest firms.
Reported investors: Amazon and Alphabet (Google) are its largest backers and strategic cloud partners, alongside reported investment from Microsoft, Nvidia, and leading funds including Sequoia, GIC, Coatue and ICONIQ. Its May 2026 Series H reportedly valued the company at around $965 billion.
Reported customer base: 300,000+ business customers, with press reports citing 8 of the Fortune 10 and roughly 70% of the Fortune 100 among Claude users. Named enterprise users reported in the press include Netflix, Spotify, Salesforce, KPMG and Deloitte.
All figures are reported and preliminary, drawn from public and third-party sources, and subject to change. Verify against official issuer disclosures before the listing.
Why the Anthropic listing matters for traders and investors
The Anthropic is one of the most closely watched listings of the year. Here are 6 reasons Not yet disclosed stands out:
01
AI IPO Benchmark
Anthropic’s potential IPO could become one of the largest AI listings ever, giving public investors a major benchmark for valuing frontier AI companies.
02
Tests AI Economics
The IPO will test whether Anthropic’s rapid revenue growth can justify the enormous costs of computing, infrastructure and AI development.
03
$2 Trillion Valuation
Reports suggest Anthropic could target a valuation around $2 trillion, making investor expectations and execution especially important.
04
Public Market Transparency
Going public would provide investors with much greater visibility into Anthropic’s revenue, expenses, growth and financial performance than is available as a private company.
05
AI Industry Impact
A successful Anthropic IPO could influence how markets value other frontier AI companies, including competitors preparing for potential public listings.
06
Governance Matters
Anthropic’s unusual public-benefit governance structure will face a major test as the company balances its AI-safety mission with public-market expectations.
How to gain exposure in Anthropic stock
Most retail investors gain access once public-market trading begins; the routes below explain how that can work depending on your goals and risk profile.
Invest in Anthropic
Once Anthropic becomes available on the stock market and on the NAGA platform, eligible clients may be able to buy the shares and gain exposure to the company's long-term growth story. For many investors, this is the most straightforward way to participate after a public listing.
Discover stock investingTrade in Anthropic
For traders looking for shorter-term opportunities, CFDs can provide exposure to Anthropic price movements without owning the underlying shares, where available. This approach may suit active market participants who want to trade volatility around the listing event.
Discover CFD tradingKey risks to consider before investing in Anthropic
Newly listed shares can be volatile, and IPO terms or early trading prices do not guarantee future performance. The summary below is not exhaustive; investors should read the latest official offering or listing documents and consider whether the investment is suitable for their circumstances.
Summary only. The official risk factors and terms in Anthropic's offering document prevail in all cases.
A potential valuation near $2 trillion creates high expectations. Any slowdown in revenue growth or weaker-than-expected IPO demand could cause significant share-price volatility
Anthropic requires enormous amounts of computing power and infrastructure. Rising AI infrastructure costs could pressure margins and delay profitability.
Anthropic faces strong competition from OpenAI, Google, Meta and other AI developers. Rapid advances in AI could reduce Claude’s pricing power or market share.
¹ Unless stated otherwise, IPO terms and company figures are drawn from Anthropic's offering document, published or filed on . Reported estimates, including secondary-market valuations, are not confirmed IPO terms and may change.
Get ready for the Anthropic IPO
Set up your account by verifying and funding so you can act once public trading begins and instrument availability is confirmed.
Three steps to be ready before trading opens
1
Create your account
2
Verify your profile
3
Fund your account
FAQs about Anthropic
Important Information
Anthropic IPO timing, listing venue, share count, price range, valuation and other terms may change and should be verified against the latest official issuer, exchange or regulatory announcement.
NAGA Markets Europe Ltd does not provide participation in Anthropic's primary IPO allocation or pre-IPO shares unless expressly stated otherwise in approved, jurisdiction-specific materials. Access to any instrument after public trading begins is subject to availability, eligible-client status, market conditions and applicable regulations.
Market data may be delayed or indicative. Past performance is not a reliable indicator of future results. Investments involve risk and may result in losses. Interested investors should review the official offering documents and consult a qualified financial adviser before making any investment decisions.
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