Resolution criteria

Anthropic's initial share price will be determined by the opening price on the first day of public trading following its IPO. Resolution will be based on the official opening price reported by the exchange where Anthropic lists (expected to be NYSE or Nasdaq). If the IPO does not occur by December 31, 2026, the market resolves N/A.

Background

Anthropic has begun preparations for a potential IPO as soon as 2026, hiring Silicon Valley law firm Wilson Sonsini to advise on the process. As of February 12, 2026, Anthropic announced that it had raised $30 billion in a Series G funding round, bringing its post-money valuation to $380 billion. By August 2025, Anthropic's run-rate revenue reached over $5 billion—making Anthropic one of the fastest-growing technology companies in history, with annualized turnover now at $14 billion. Anthropic now serves over 300,000 business customers, and its number of large accounts—customers that each represent over $100,000 in run-rate revenue—has grown nearly 7x in the past year.

Considerations

The risks are that they'll have to invite public inspection of their business models as they continue to lose more money than they make. With public markets, there's going to be a little more scrutiny. A single earnings report could tank a stock. Market commentary from late December indicated an expanding IPO pipeline for 2026, featuring AI-related prospects, while also highlighting that a surge in volatility could abruptly close this opportunity. A large AI IPO would likely require a supportive risk backdrop and a sustained period of calm markets to price smoothly and then trade well in the aftermarket.

This description was generated by AI.