When is Anthropic planning its IPO?

Sources cited by TradingKey say Anthropic could list in the U.S. as early as October 2026, raising more than $60 billion at a valuation that some venture capital firms have projected at up to $800 billion. Goldman Sachs, JPMorgan, and Morgan Stanley are the primary candidate underwriters, according to TechCrunch (April 14, 2026).

How fast is Anthropic's revenue growing?

Anthropic's annualized revenue grew from $9 billion at the end of 2025 to $30 billion by the end of March 2026 — a tripling in one quarter, driven primarily by enterprise demand for its Claude coding tools, according to CNBC's April 15 report.

Is OpenAI also planning an IPO?

Yes. OpenAI has been speaking to investment banks about a public offering as early as Q4 2026, according to CFO Sarah Friar, who told CNBC on April 8, 2026 that the company plans to allocate IPO shares to retail investors. OpenAI closed a $122 billion funding round this year at an $852 billion valuation.

What is the main risk to both AI IPOs?

Public sentiment on AI is turning negative. A survey by Axios and SurveyMonkey of 3,400 U.S. adults (April 2026) found 58% believe AI companies are moving too fast without adequate safety testing, up from 41% in October 2025. CNBC reported on April 15 that this shift threatens the enterprise adoption growth rates underpinning both companies' valuations.

OpenAI and Anthropic Race to Go Public

Anthropic's revenue tripled to $30B annualized in Q1 2026, putting an October IPO in reach at an $800B valuation, while OpenAI targets Q4 at $852B — and public sentiment on AI is turning negative.

Anthropic's annualized revenue tripled from $9 billion at the end of 2025 to $30 billion by the end of March 2026 — a quarterly growth rate that, if sustained for even two more quarters, would make it the fastest-scaling enterprise software company in history. The driver is not chatbots. It is code.

Demand for Anthropic's Claude coding tools has outpaced every internal forecast, pushing the company into a position it did not expect to occupy this quickly: the primary candidate for the largest U.S. technology IPO of 2026. Multiple venture capital firms have proactively approached Anthropic with investment offers in recent weeks, with valuations cited by TechCrunch on April 14 reaching as high as $800 billion — double the $380 billion at which Anthropic closed its Series G round just two months ago. Goldman Sachs, JPMorgan, and Morgan Stanley are the primary candidate underwriters, according to the same report.

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OpenAI and Anthropic Race to Go Public

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OpenAI and Anthropic Race to Go Public

Key Takeaways

Frequently Asked Questions

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