Anthropic Selects Nasdaq for Potential October IPO at Up to $2 Trillion Valuation

Anthropic has selected Nasdaq as the preferred exchange for a potential initial public offering in October, according to Business Insider, in what could become one of the largest technology listings ever if the artificial intelligence company reaches a valuation of $2 trillion.

The report, cited by Coin Bureau, represents a significant development in Anthropic's preparations for the public markets. The company has not yet finalized the valuation, and its IPO filing remains private, meaning the eventual size and timing of the offering could still change.

Anthropic IPO Adds to Nasdaq’s Competition With NYSE

Nasdaq's selection strengthens its position in the competition with the New York Stock Exchange for major technology and artificial intelligence listings. The exchange secured SpaceX's IPO earlier this year at a valuation of $1.75 trillion, according to Reuters.

Anthropic's potential listing would give Nasdaq another high-profile technology company at a time when exchanges are seeking to attract the next generation of large-cap AI businesses. The choice is also significant for index investors because companies listed on Nasdaq can become eligible for the Nasdaq-100, although inclusion depends on separate eligibility and selection requirements and is not automatic.

Reuters reported earlier this month that Anthropic's IPO marketing could begin in mid-October at the earliest, with the company potentially completing its listing before the U.S. midterm elections. The timing remains subject to change.

Anthropic IPO Highlights Diverging Paths Across AI Industry

The planned listing comes as the public-market ambitions of major AI companies increasingly diverge. OpenAI CEO Sam Altman said the company would not go public in 2026, citing concerns surrounding the potential risks of increasingly capable AI systems.

Anthropic faces similar scrutiny. CEO Dario Amodei has publicly warned about the potential dangers associated with advanced AI while the company continues expanding its commercial operations and preparing for a possible public offering.

For investors, an Anthropic IPO at a valuation financial approaching $2 trillion would provide an unusually large public-market test of how investors value frontier AI businesses, particularly given the enormous infrastructure and capital requirements associated with developing advanced models.

The next major milestone will be Anthropic's public IPO filing. That document should provide investors with the financial information needed to assess whether the reported valuation can be supported by the company's revenue growth, profitability and future capital requirements.

Writer: Victoria Hale
Technology & Blockchain Writer

Victoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.

She prioritises clarity and accuracy when explaining technical developments to a general audience.