Anthropic Stock Price, Valuation & IPO
Preparing to IPO — S-1 filed — Anthropic filed a confidential S-1 with the SEC on 1 June 2026. It has not begun trading, so its shares are still private for now.
Status source: Confidential S-1 filing, 1 June 2026
$745.00 per share (AXEVIL consensus estimate)
Source: AXEVIL consensus of recent secondary transactions · as of 16 July 2026
Last round valuation: $965B
Source: H, May 2026, post-money
Total raised: $60B+
Data last updated: 16 July 2026
About Anthropic
Developer of leading safe AI models, including Claude. The world's #2 AI company by valuation.
Anthropic is the developer of the Claude family of AI models; its flagship Claude Opus 4.7 is #1 among developers, enterprise customers (1,000+ clients paying $1M+/year), and retail users. Annual revenue reached $30B in April 2026, overtaking OpenAI, with gross margin climbing to +40%. The company has raised $60B over two years and is now valued near $1T. It is preparing an IPO for fall 2026 — one of the largest offerings in history.
- Sector: Artificial Intelligence
- Headquarters: San Francisco, CA
- Founded: 2021
Key highlights
- Claude Opus 4.7 — the #1 model in the world. Leading in three segments at once: with developers (Claude Code has become the standard for AI engineering), with businesses (1,000+ clients at $1M+/year, API revenue triple OpenAI's), and with retail users (Claude.ai). Overtook OpenAI in total revenue: $30B versus $25B.
- IPO planned for fall 2026 — one of the largest in history. CFO Krishna Rao (formerly of Airbnb, who led the 2020 IPO that opened at a $100B valuation) is leading the preparations. Goldman Sachs, JPMorgan, and Morgan Stanley are the underwriters. The goal is to raise $60B+ at a $2 trillion valuation.
- Mythos — a breakthrough of national scale. The Treasury and the Federal Reserve called an emergency meeting of the largest banks' CEOs. Treasury Secretary Bessent called the model “a key achievement in the technology race with China.” This recognition paves the way to long-term contracts with the Department of Defense and intelligence agencies.
- Efficiency — an industry record. Gross margin rose from –94% in 2024 to +40% in 2025 within a year of CFO Rao joining — versus 33% at OpenAI. Model training costs are 4x lower. Positive cash flow is expected in 2027 — three years ahead of OpenAI.
- The most sought-after company on the private market. Investors are offering valuations of $800B–$1 trillion, but the company is holding off until the IPO for an even higher valuation. Allocations had to be cut for the Series G round: some funds committed half their capital just to secure a stake.
Funding rounds
| Date | Round | Price / share | Post-money valuation |
|---|---|---|---|
| 28 May 2026 | H | $589.01 | $965B |
| 12 February 2026 | G1 | $259.14 | $380B |
| 2 September 2025 | F-4 | $140.97 | $183B |
| 3 March 2025 | E1 | $56.09 | $62B |
| 22 November 2024 | E3 | $56.09 | $41B |
| 27 March 2024 | D3 | $30.00 | $18B |
| 2 February 2024 | D2 | $30.00 | $18B |
| 27 October 2023 | D1 | $30.00 | $15B |
Frequently asked questions
How can I buy Anthropic stock before the IPO?
Not on a public exchange yet. Anthropic filed a confidential S-1 with the SEC on 1 June 2026. It has not begun trading, so its shares are still private for now. Until it trades, shares change hands only in private secondary transactions — AXEVIL structures those as dedicated US special purpose vehicles for accredited investors.
What is the Anthropic stock price?
There is no official public share price while the company is private. AXEVIL's consensus estimate is $745.00 per share as of 16 July 2026. Its most recent round implied a post-money valuation of $965B (May 2026).
What is Anthropic's valuation (net worth)?
Anthropic's most recent funding round valued the company at $965B post-money (May 2026) — the latest primary-market measure of what the company is worth. Secondary trades can price its shares above or below that round.
When will Anthropic IPO?
Anthropic filed a confidential S-1 with the SEC on 1 June 2026. It has not begun trading, so its shares are still private for now. No pricing date has been made public, and a filing is not a guarantee that a listing follows.
Is Anthropic publicly traded?
No. Anthropic has filed but has not begun trading, so its shares are still private.
Does Anthropic have a stock symbol?
Not yet. A ticker symbol is assigned when the shares begin trading on an exchange; until then Anthropic has none.
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- Databricks — Enterprise Software
Risk disclosure
Nothing on this page is an offer to sell or a solicitation to buy any security, and it is not investment advice. Valuations and share prices shown here are AXEVIL estimates built from primary sources — filings, announced rounds and completed secondary transactions — not quoted market prices, and they can be revised. Private-company shares are illiquid, may be impossible to sell, and the entire amount invested can be lost. Availability depends on your jurisdiction and on accredited-investor status.