Anthropic prepares for potential mega IPO amid trillion‑dollar valuation

Anthropic is arranging investor meetings as it readies a possible mega initial public offering, with lead banks Morgan Stanley, Goldman Sachs and JPMorgan Chase coordinating roadshows in the coming weeks. Sources say the company could file for a Nasdaq listing as early as October, aiming to raise tens of billions of dollars and position itself ahead of rivals such as OpenAI and China’s DeepSeek.

Secondary‑market trading has implied a valuation of about $1.2 trillion for Anthropic, far above its $965 billion post‑money valuation after a May funding round. The surge reflects strong investor enthusiasm for generative AI and the belief that frontier‑AI firms will become core infrastructure providers. Analysts note that while the lofty valuation underscores the sector’s momentum, public‑market investors will scrutinise profitability, regulatory risk and long‑term sustainability, making the IPO a critical test for AI‑related valuations.

If successful, Anthropic’s offering could become one of the largest tech IPOs in history, potentially reshaping capital flows into AI startups and influencing valuations of competitors worldwide.