Anthropic Files IPO Draft at $965bn Valuation

Anthropic has submitted a confidential draft S-1 registration statement to the SEC, signaling a potential IPO as early as October 2026. Morgan Stanley, Goldman Sachs and J.P. Morgan are leading the process, with Nasdaq the expected venue. No share price or count has been set. The filing follows a $65bn Series H round valuing the Claude maker at $965bn, with run-rate revenue crossing $47bn. Analysts say the move could open the floodgates for a dormant IPO market, alongside anticipated listings from OpenAI and SpaceX. UK retail investors can already access Anthropic exposure through five listed investment trusts.