ARM
+175%Arm Holdings
IPO Sep 2023 · $51
Showcase IPO / Foundation models
Anthropic IPO: the AI market opportunity moving toward public markets
Follow reported timing, valuation signals and public filing developments around the company behind Claude.
Reported date
Sep 2026
Expected valuation
$965B
Market status
Pre-IPO
Historical market snapshots
What happened after the opening bell
Selected technology listings, using approximate offer/reference prices and market snapshots. The chart direction is a normalized visual of the stated return, not daily price history.
PLTR
+170%Palantir
Direct listing Sep 2020 · $10
COIN
-36%Coinbase
Direct listing Apr 2021 · $381
2026 market benchmark
SpaceX more than doubled from its pre-IPO entry
+114% from pre-IPO
SpaceX’s reported 2026 Nasdaq path shows how quickly attention can concentrate around a heavily followed listing. It is a comparison point, not a forecast for Anthropic.
Pre-IPO
$105.32
IPO price
$135
Post-IPO high
$225.64
SpaceX proved how explosive a well-followed IPO can be. Anthropic is next in line — and the market it is targeting could be multiples larger.
Upcoming and tracked companies
IPO research desk
Open a dedicated company note for reported valuation, timing, business model and risk information.
ANTHRPRE-IPO
Anthropic
Foundation Models
VALUATION$965B
TIMINGSeptember 2026
Anthropic builds Claude and sells it almost entirely to enterprise. Reporting suggests an S-1 is already with the SEC, which puts a 2026 float firmly on the table for local investors watching from Sydney and Melbourne.
Open researchOPENAIPRE-IPO
OpenAI
Foundation Models
VALUATION$500B+
TIMING2026 (expected)
ChatGPT turned OpenAI into a household name well beyond tech. Any move to public markets would be scrutinised harder than almost any listing of the decade.
Open researchDBXPRE-IPO
Databricks
Data & AI
VALUATION$62B+
TIMING2026 (expected)
Databricks merged the data lake and the warehouse into one platform. Boring on the surface, and precisely why so many large organisations run their AI workloads on it.
Open researchSTRIPEPRE-IPO
Stripe
Fintech
VALUATION$65B+
TIMING2026 (expected)
Stripe has stayed private far longer than most expected. When that changes, it would rank among the largest fintech listings on record.
Open researchRIPPLEPRE-IPO
Ripple Labs
Crypto / Payments
VALUATION$40B+
TIMING2026 (expected)
Ripple runs the XRP Ledger and a stablecoin aimed squarely at institutions moving money between countries — a problem Australian businesses know well.
Open researchDISCORDPRE-IPO
Discord
Communication
VALUATION$15B+
TIMING2026 (expected)
Voice, video and text built around communities rather than followers. Discord's subscription business has turned that habit into recurring revenue.
Open researchPANWPUBLIC
Palo Alto Networks
Cybersecurity
VALUATION$120B+ market cap
TIMINGListed 2012 (NASDAQ: PANW)
Palo Alto Networks is the rare name on this list you can already buy through a normal brokerage account. It sells firewalls, cloud security and detection tooling to large organisations.
Open research