AI IPOs
Article
Making Sense of the Coming AI IPOs
Every few years, a company announces an initial public offering (IPO) with enough excitement to dominate the headlines. In 2026, several are arriving at once.
“Should I buy Anthropic when it lists?”
“Is OpenAI going to be the next Nvidia?”
“Am I missing out if I wait?”
These are all reasonable questions. Anthropic, the company behind Claude, confidentially submitted a draft registration statement to the Securities and Exchange Commission on June 1, 2026. [1] OpenAI, the maker of ChatGPT, announced its own confidential filing a week later. [2] Either could eventually come to market near a $1 trillion valuation.
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