(ANT (proposed))
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 TBD, subject to change
Price range not yet announced
Expected price
$2.0T expected IPO valuation
Expected Market Value
NASDAQ
Exchange (TBC)
Last updated: 28 October 2026. IPO terms, instrument availability and market data can change. Verify key details against the latest official announcement.
2021
Founded
$141.1B
Capital raised to date
$965 billion
Latest private valuation
$2 trillion
Potential IPO valuation
$16.3B (+1,300% YoY)
H1 2026 revenue
Claude (Platform, Code, Cowork)
Main product
Anthropic Company Overview
Anthropic, PBC filed its registration statement on Form S-1 publicly with the U.S. Securities and Exchange Commission on 26 October 2026. The company has applied to list its Class A common stock on NASDAQ under the proposed ticker “ANT”. The price range, number of shares and listing date have not yet been disclosed.
Goldman Sachs and Morgan Stanley lead a syndicate of more than 20 banks, including J.P. Morgan, Citigroup, Barclays, Wells Fargo, BofA Securities, Deutsche Bank and UBS.
According to the S-1, Anthropic generated revenue of $4.59 billion in 2025 and $16.29 billion in the first half of 2026, compared with $1.16 billion in the first half of 2025. As of 30 June 2026, the company held $131.7 billion in cash and short-term investments.
Press reports suggest a potential valuation of around $2 trillion. This figure has not been confirmed by Anthropic.
| 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.
H1 2026 Revenue
$16.3B
Net Revenue Retention
about 900%
Cash and short-term investments
$131.7B
H1 2026 Revenue
$16.3B
Net Revenue Retention
about 900%
Cash and short-term investments
$131.7B
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: As of 30 September 2026: more than 11,900 customers generating $100,000+ in annual revenue, more than 1,900 generating $1M+, and approximately 250 generating $10M+. 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
Anthropic is one of the most closely watched listings of the year. Here are 6 reasons the ANT (proposed) listing 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
Press reports suggest a valuation of around $2 trillion. The S-1 does not yet include a price range, so the final valuation remains unconfirmed.
04
Public Market Transparency
The public S-1 gives investors audited financials for the first time, including revenue of $4.59B in 2025 and $16.29B in the first half of 2026.
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 is a public benefit corporation. A Long-Term Benefit Trust elects a majority of the board, and a founders’ entity holds 50.1% of voting power. Class A shareholders will have limited influence over key decisions.
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.
Anthropic is not yet profitable. It reported a net loss of $41.97 billion in 2025 and $80.75 billion in the first half of 2026, largely driven by non-cash changes in the value of convertible notes.
Class A shareholders will have limited voting influence. A Long-Term Benefit Trust elects a majority of the board and a founders’ entity holds 50.1% of voting power.
A substantial portion of revenue comes from a limited number of customers and distribution channels, so losing a major customer could significantly affect results.
¹ Unless stated otherwise, IPO terms and company figures are drawn from Anthropic's offering document, published or filed on 26 October 2026. 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.
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1
Create your account
2
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3
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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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