Anthropic Files for IPO as Crypto Traders Price It Near $1.9T

Anthropic Targets Nasdaq Under ANT Ticker

The salient AI institution Anthropic, the steadfast down Claude, filed a Form S-1 registration connection with the U.S. Securities and Exchange Commission (SEC), formally advancing its projected archetypal nationalist offering (IPO). The institution plans to database Class A communal banal connected the Nasdaq Global Select Market nether the ticker ANT, though its stock count, offering price, and last valuation stay undecided.

“Today, Anthropic, PBC filed a registration connection connected Form S-1 with the U.S. Securities and Exchange Commission relating to its projected archetypal nationalist offering of its Class A communal stock,” the institution announced.

Goldman Sachs and Morgan Stanley are identified arsenic contacts for obtaining the preliminary prospectus. Anthropic besides cautioned that its registration connection hasn’t go effective, meaning securities cannot yet beryllium sold nor tin acquisition offers beryllium accepted.

Crypto Derivatives Price Anthropic Near $1.87 Trillion

Interestingly, cryptocurrency traders are already putting tremendous numbers connected a institution whose nationalist offering terms hasn’t been established. For instance, synthetic perpetual futures linked to Anthropic traded astir an implied $1.86 trillion to $1.88 trillion valuation across Binance, Bitget, and different exchanges connected Oct. 25-26. Binance contracts hovered adjacent $1,874, utilizing an assumed stock number of astir 1 billion.

Defillama’s aggregated pre-IPO estimation stood little astatine $1.61 trillion, creating a astir $260 cardinal spread against the $1.87 trillion derivatives benchmark. Neither fig represents an authoritative equity valuation. These instruments supply speculative exposure, not existent Anthropic shares, and their calculations beryllium connected assumptions that tin disagree betwixt trading venues.

For perspective, Defillama lists Anthropic’s May 28 financing astatine a $965 cardinal valuation, meaning the derivatives benchmark approaches doubly that earlier private-market figure.

Polymarket Traders Favor a Trillion-Dollar Debut

Prediction marketplace Polymarket presents different bonzer picture. Polymarket’s Anthropic IPO closing marketplace capitalization contracts accumulated astir $2.43 cardinal successful trading volume, with the $1.75 trillion to $2 trillion bracket starring astatine 26% probability. The $2 trillion to $2.25 trillion bracket followed astatine 21%, portion the $1.5 trillion to $1.75 trillion scope attracted astir 17%. Together, those 3 outcomes accounted for astir 64% of implied probability.

Polymarket wager connected Anthropic’s IPO closing marketplace headdress connected Oct. 26, 2026 astatine 10 a.m. Eastern time.

Traders assigned conscionable 4% to Anthropic failing to implicit its IPO by Dec. 31, 2027, the market’s solution deadline. The contracts settee against Anthropic’s existent first-day closing marketplace capitalization, calculated utilizing its authoritative listing terms and shares outstanding. The contradiction is striking. Anthropic hasn’t disclosed however overmuch banal it intends to merchantability oregon what investors volition pay, yet speculative markets are already debating connected which broadside of $2 trillion its archetypal trading time mightiness finish.