What is Anthropic worth, and what would an IPO price it at?
Every figure on this site carries a source link and the date we last verified it. Nothing here is advice, and we earn nothing either way.
What is Anthropic worth right now?
Anthropic's last priced round values it at $965B post-money; secondary trades imply $1.05–1.15T, but a secondary print is not a priced primary round.
The last priced round is the only figure set by investors with diligence access. Secondary trades imply more, but they are not a priced primary round, and a discussed IPO valuation has never been confirmed by the company.
Closed 28 May 2026, led by Altimeter, Dragoneer, Greenoaks and Sequoia.
Can I buy Anthropic stock today?
No — Anthropic is private, there is no ticker and no public S-1 on EDGAR, so the only routes today are accredited secondaries, private-market funds, or indirect exposure through Amazon and Alphabet.
Non-accredited retail investors currently have no direct route; indirect exposure runs through Amazon and Alphabet, and both are diluted by everything else those companies do.
When is the Anthropic IPO?
There is no announced IPO date: Anthropic confirmed a confidential draft registration statement in June 2026, and a public S-1 must appear on EDGAR at least 15 days before any roadshow.
Every step between a confidential draft and a first trade is dated on the timeline, and the EDGAR monitor at the top of this page re-checks for a public filing every five minutes.
THE IPO TIMELINE, STEP BY STEP →Who owns Anthropic?
Anthropic is owned by its founders and employees, Amazon and Alphabet as the two largest strategic investors, and a group of institutional funds; exact percentages are not public and will only be confirmed by the principal stockholders table in an S-1.
What is public is the shape of the register rather than the percentages: investment size, round and date per holder, plus the Long-Term Benefit Trust's governance rights.
WHO OWNS ANTHROPIC — THE CAP TABLE →Is it overvalued?
Both cases below use the same sources and the same figures. We take no position.
A $2T listing requires revenue that no software company has ever reached
Chan Ahn of Tessera PE argues that $2T implies roughly $725B of revenue by 2036 at a 10 percent cost of capital, which is far beyond any precedent.
Revenue is compounding faster than any comparable enterprise software company
Annualised run-rate moved from about $9B at the end of 2025 to above $65B by the end of July 2026, and Q2 2026 produced the first adjusted operating profit.
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