Anthropic’s hotly anticipated US IPO is expected to be one of the largest debuts ever attempted and a major test of public-market appetite for the rapidly growing artificial intelligence industry.
The listing, which could value the Claude maker at about $2 trillion, would represent one of the most consequential stock market debuts in years, potentially reshaping benchmark indexes, investor flows and the broader narrative driving US equities.
A glance at world’s biggest IPOs: Anthropic revealed in June that it had confidentially filed for a US IPO, setting the stage for what could become a watershed moment for Wall Street’s AI frenzy.
The AI heavyweight is seeking to raise as much as $100 billion that could value the artificial intelligence startup at around $2 trillion, Reuters has reported.
Anthropic posted a net loss of $42 billion in 2025 and is planning to spend $518 billion on cloud, computing and infrastructure obligations in coming years, according to its IPO prospectus seen by Reuters.
The Claude maker could push its IPO to after the November US midterm elections, with the elections not expected to have a major impact on the offering, Reuters reported in September.
The IPO has already been pushed back from earlier plans, with Reuters previously reporting that marketing was expected to begin in mid-October at the earliest.
Anthropic raised $65 billion at a post-money valuation of $965....
