When is Anthropic's IPO planned?

Anthropic is targeting October for the IPO, though the deal is still under discussion and not yet formally committed.

What is the expected valuation?

The predicted valuation is $2 trillion, which would be the largest public offering of stock ever. However, the valuation has not been formally fixed within the company.

What is Anthropic's expected revenue run rate?

Investors told the Financial Times they believe the AI lab's annual revenue run rate will be between $100 billion and $120 billion by the end of the year.

AI Stocks & MarketsAI Business & IndustryFortune AIAug 13, 2026Aug 13, 2026, 19:00 JST

Anthropic eyes $2 trillion October IPO, largest public offering ever

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3 Key Points

What happened
Anthropic is planning an initial public offering in October at a predicted valuation of $2 trillion, according to reporting by the Financial Times. Investors told the paper they believe the AI lab's annual revenue run rate will be between $100 billion and $120 billion by year end, though the IPO is still under discussion and the valuation has not been formally fixed within the company.
Why it matters
A $2 trillion IPO would be larger than SpaceX and eclipse any public stock offering in history, signaling extraordinary investor confidence in the AI sector and Anthropic's business model. The projected revenue run rate suggests Anthropic has already achieved significant commercial traction in selling its AI products and services.
What to watch
The timing—October—and whether the valuation holds as the company moves closer to formally committing to the offering. The IPO's completion would mark a watershed moment for AI-focused companies entering public markets.

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Context & Analysis

Anthropic's reported $2 trillion IPO valuation reflects the extraordinary momentum in AI investment and the market's appetite for companies that have achieved significant commercial scale. The projected revenue run rate of $100 billion to $120 billion annually suggests the company has moved beyond early-stage development and is generating substantial income from its AI products—a milestone that typically takes venture-backed software companies many years to reach, if ever. The October timeline places the offering in the near term, though sources emphasized the deal remains under discussion and no final commitment has been made, meaning the valuation could shift before any formal announcement. If completed at the stated terms, Anthropic's IPO would surpass SpaceX and become the largest public offering in market history, cementing AI as not only a major trend but a sector capable of supporting enterprise valuations that dwarf previous benchmarks.

FAQ

When is Anthropic's IPO planned?: Anthropic is targeting October for the IPO, though the deal is still under discussion and not yet formally committed.
What is the expected valuation?: The predicted valuation is $2 trillion, which would be the largest public offering of stock ever. However, the valuation has not been formally fixed within the company.
What is Anthropic's expected revenue run rate?: Investors told the Financial Times they believe the AI lab's annual revenue run rate will be between $100 billion and $120 billion by the end of the year.

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