Anthropic's anticipated initial public offering this fall could raise as much as $100 billion and value the artificial-intelligence company at about $2 trillion, The Wall Street Journal reported, though prediction-market activity indicates caution over whether its market capitalization will exceed $1.25 trillion on its IPO day. The company behind the Claude model family confidentially filed for a US listing and is expected to publish its prospectus soon, but the number of shares and final pricing remain undisclosed. Anthropic's public benefit corporation structure adds complexity to investor assessments alongside questions about valuation, operating costs and the broader AI market. Its last private funding round valued the company at roughly $965 billion after a $65 billion Series H round in May 2026.