Explosive revenue growth for Anthropic’s Claude large language models has anchored market-implied odds near $2 trillion for its planned IPO, with the $2.00–$2.25T bucket leading at 47.4%. Bankers have recently discussed a potential $100 billion raise at that level following the company’s $65 billion Series H at a $965 billion valuation in May and its confidential S-1 filing in June. Annualized run-rate revenue surged past $65 billion by July from roughly $9 billion at the end of 2025, fueled by enterprise adoption and outpacing OpenAI in recent quarters, while internal forecasts point to $190–200 billion by 2028. Traders are pricing the October listing window and limited public-market AI comparables, though execution risks around profitability and broader sentiment remain key swing factors ahead of the public prospectus.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated$2.00–$2.25T 47.4%
$1.75–$2.00T 33%
$2.25–$2.50T 6.1%
$1.25–$1.50T 5.1%
$14,722 Vol.
$14,722 Vol.
<$1.25T
1%
$1.25–$1.50T
5%
$1.50–$1.75T
3%
$1.75–$2.00T
33%
$2.00–$2.25T
47%
$2.25–$2.50T
6%
$2.50T+
5%
No IPO by December 31, 2027
5%
$2.00–$2.25T 47.4%
$1.75–$2.00T 33%
$2.25–$2.50T 6.1%
$1.25–$1.50T 5.1%
$14,722 Vol.
$14,722 Vol.
<$1.25T
1%
$1.25–$1.50T
5%
$1.50–$1.75T
3%
$1.75–$2.00T
33%
$2.00–$2.25T
47%
$2.25–$2.50T
6%
$2.50T+
5%
No IPO by December 31, 2027
5%
The IPO price will be the final offering price to the public as stated in the final prospectus filed with the U.S. Securities and Exchange Commission. Trading prices after listing, including the opening trade, intraday prices, or closing price on the first day of trading, will not be considered. Indicated or preliminary price ranges, including any ranges disclosed in earlier filings or amendments, will not be considered.
The IPO valuation will be determined in the following order of precedence: (1) the implied fully diluted valuation at the final IPO price, as stated in the final prospectus or in an official Anthropic announcement; (2) if no such figure is stated, the final IPO price per share multiplied by the total number of shares outstanding on a fully diluted basis as disclosed in the final prospectus, where the fully diluted count includes all outstanding shares of every class and all shares underlying outstanding options, restricted stock units, warrants, and convertible instruments, regardless of vesting or exercise status and without applying the treasury stock method; (3) if the fully diluted share count cannot be determined from the final prospectus, the implied fully diluted IPO valuation as reported by a consensus of credible reporting.
If the determined valuation falls exactly on a boundary between two ranges, this market will resolve to the higher range.
If Anthropic's IPO has not priced by December 31, 2027, 11:59 PM ET, the market will resolve to "No IPO by December 31, 2027". If the IPO prices by the deadline, the market will resolve according to the final prospectus even if it is published after the end date.
If Anthropic becomes publicly traded without a priced initial public offering, including through a direct listing or through a merger, acquisition, or absorption by an entity that is already publicly traded, this market will resolve to "No IPO by December 31, 2027".
The primary resolution source will be the final prospectus filed with the SEC; however, a consensus of credible reporting may also be used.
Market Opened: Aug 19, 2026, 9:45 AM ET
Resolver
0x69c47De9D...The IPO price will be the final offering price to the public as stated in the final prospectus filed with the U.S. Securities and Exchange Commission. Trading prices after listing, including the opening trade, intraday prices, or closing price on the first day of trading, will not be considered. Indicated or preliminary price ranges, including any ranges disclosed in earlier filings or amendments, will not be considered.
The IPO valuation will be determined in the following order of precedence: (1) the implied fully diluted valuation at the final IPO price, as stated in the final prospectus or in an official Anthropic announcement; (2) if no such figure is stated, the final IPO price per share multiplied by the total number of shares outstanding on a fully diluted basis as disclosed in the final prospectus, where the fully diluted count includes all outstanding shares of every class and all shares underlying outstanding options, restricted stock units, warrants, and convertible instruments, regardless of vesting or exercise status and without applying the treasury stock method; (3) if the fully diluted share count cannot be determined from the final prospectus, the implied fully diluted IPO valuation as reported by a consensus of credible reporting.
If the determined valuation falls exactly on a boundary between two ranges, this market will resolve to the higher range.
If Anthropic's IPO has not priced by December 31, 2027, 11:59 PM ET, the market will resolve to "No IPO by December 31, 2027". If the IPO prices by the deadline, the market will resolve according to the final prospectus even if it is published after the end date.
If Anthropic becomes publicly traded without a priced initial public offering, including through a direct listing or through a merger, acquisition, or absorption by an entity that is already publicly traded, this market will resolve to "No IPO by December 31, 2027".
The primary resolution source will be the final prospectus filed with the SEC; however, a consensus of credible reporting may also be used.
Resolver
0x69c47De9D...Explosive revenue growth for Anthropic’s Claude large language models has anchored market-implied odds near $2 trillion for its planned IPO, with the $2.00–$2.25T bucket leading at 47.4%. Bankers have recently discussed a potential $100 billion raise at that level following the company’s $65 billion Series H at a $965 billion valuation in May and its confidential S-1 filing in June. Annualized run-rate revenue surged past $65 billion by July from roughly $9 billion at the end of 2025, fueled by enterprise adoption and outpacing OpenAI in recent quarters, while internal forecasts point to $190–200 billion by 2028. Traders are pricing the October listing window and limited public-market AI comparables, though execution risks around profitability and broader sentiment remain key swing factors ahead of the public prospectus.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated
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