Anthropic could enter major ETFs quickly after planned Nasdaq IPO
Anthropic filed a confidential draft S-1 with the SEC on June 1 and is targeting a Nasdaq listing as soon as mid-to-late October. The AI company is seeking a valuation between $1.5 trillion and $2 trillion, while several ETFs already hold pre-IPO stakes and new Anthropic-focused funds are being prepared. Its annualized revenue run rate is projected to exceed $100 billion by the end of 2026.
Anthropic submitted a confidential draft S-1 on June 1 and aims for a Nasdaq debut as soon as mid-to-late October. It is pursuing a valuation of $1.5 trillion to $2 trillion, after a May Series H round reportedly valued it near $965 billion.
Existing ETFs already have exposure: iShares A.I. Innovation & Tech Active ETF held about $109 million in Anthropic preferred shares by mid-June, while KraneShares AGIX held roughly $13 million. Proposed funds include Ninepoint Anthropic HighShares ETF and LongPoint SavvyLong (2X) Anthropic ETF. Underwriters include Goldman Sachs, JPMorgan, and Morgan Stanley.
A large Anthropic listing could reshape public-market access to AI, affecting retail investors, pension funds, and ETF savers who may gain exposure through index and thematic funds. It may also concentrate more market power in a few AI firms, influencing tech valuations, startup fundraising, and scrutiny of AI governance. Employees and early backers could see wealth gains, while late buyers face volatility if lock-up sales and passive flows collide.