Anthropic selects Nasdaq for IPO listing, targeting $2 trillion valuation

Anthropic has chosen Nasdaq as the exchange for its upcoming IPO, confirming what Wall Street had been quietly expecting for months. The company filed a draft S-1 registration statement with the SEC on June 1, 2026, kicking off a process that could redefine the scale at which AI companies enter public markets. The target listing window is October 2026, with the roadshow potentially beginning in mid-October. The company is reportedly aiming to complete the offering before the November US midterm elections, giving underwriters a tight but workable runway. Numbers that make most IPOs look modest Anthropic is reportedly targeting a valuation of around $2 trillion. For context, that figure is more than double the $965 billion valuation the company carried after closing a $65 billion Series H funding round in May 2026. The offering itself could raise as much as $100 billion, with some estimates placing the floor closer to $60 billion. Reports have also indicated that Nvidia is considering a $10 billion investment as part of the deal. Lead underwriting duties fall to Goldman Sachs, JPMorgan, and Morgan Stanley. Anthropic’s annualized revenue run rate surpassed $65 billion by the end of Ju...