The Anthropic IPO clock is ticking.
The #1 AI company set things in motion after filing for a confidential IPO on June 1.
Here’s how to secure a stake – before the stock starts trading.
Company: Anthropic
Ticker: Not yet assigned (Nasdaq expected)
Last private valuation: $965 billion
Target raise: $60 billion or more
Target listing: October 2026
Here's where things stand:
Anthropic confidentially filed its draft S-1 with the SEC on June 1. That came just days after the company closed a $65 billion funding round at a $965 billion valuation — the largest venture round in history.
Since then, the process has been moving behind closed doors.
In mid-July, Goldman Sachs, Morgan Stanley, and JPMorgan began scheduling meetings between Anthropic executives and prospective investors. That's the early stage of the roadshow process. Banks don't book those meetings unless the SEC review is moving forward.
The next milestone is the big one: the public S-1.
Go here to invest – before the SEC filing goes live.
SEC rules require the public filing at least 15 days before a traditional roadshow begins. So, expect that document in the coming weeks — likely late August or September. It will reveal audited financials, customer concentration, and eventually a price range.
From there, the sequence is straightforward. Formal roadshow in September. Pricing in early October. First trade on the Nasdaq as soon as October.
Prediction markets currently put the odds of a completed Anthropic IPO by year-end at roughly 76%.
The business gives them reason to move. Anthropic's revenue run rate hit roughly $47 billion in May — up from $9 billion at the end of last year. The latest estimates suggest the revenue run rate surpassed $71 billion in July. No software company has ever grown that fast at that scale.
And the field has cleared. OpenAI is considering an IPO in late 2026 or 2027, leaving Anthropic alone at the front of the AI listing queue.
One caveat. SpaceX's stock has been volatile since its June debut, and a choppy market could push Anthropic's timing. The company is sitting on $65 billion in fresh cash. It doesn't need to rush.
But every visible signal points the same direction. Watch for the public S-1. When that document drops, the October countdown becomes official.
Smart money investors are buying shares of Anthropic – BEFORE it starts trading.
Ian Wyatt
Editor, IPO Watch