Investors scramble for Anthropic exposure ahead of what could be the largest tech IPO in history

Anthropic, the AI company behind Claude, filed a confidential S-1 registration with the SEC on June 1, setting the stage for a potential IPO. The company’s latest valuation sits at $965 billion following a $65 billion Series H round in late May, and expectations for the public listing range between $1 trillion and $2 trillion. The numbers behind the frenzy Anthropic’s revenue run-rate surged to approximately $47 billion by May 2026, roughly tripling from the $9 to $10 billion range it sat at by end of 2025. By July, that figure had already exceeded $65 billion. The growth engine is enterprise adoption. Anthropic’s Claude models have found their way into corporate workflows across industries, buoyed by strategic partnerships with two of the biggest cloud platforms on the planet. Amazon has poured cumulative commitments totaling tens of billions into the company, while Alphabet holds an equity stake of roughly 14%. Pre-IPO access is the new gold rush Forge Global and EquityZen are both facilitating pre-IPO share transactions, though minimum investment thresholds are expected to be substantial, effectively limiting access to qualified and institutional investors. Anthropic itself has ...