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The price of computeChecking the exchange…

Anthropic IPO market value, priced by Dec 31 ≥ $2T?

Yes if Anthropic price its initial public offering by December 31, 2026 at an implied market value of $2.0 trillion or more

Does Anthropic price its initial public offering by December 31, 2026 at an implied market value of $2.0 trillion or more?

The rule

Multiply the initial public offering price per share in Anthropic's final prospectus on Form 424B4 by the total shares of all classes of common stock the prospectus says will be outstanding after the offering, before any exercise of the underwriters' option.

Settles on a regulatory filing.

Source: SEC EDGAR, Anthropic, PBC filings (final prospectus, Form 424B4), CIK 0002130357

What would move the Call

  • The amended S-1 shows compute above half of revenue in the quarter to Sep 30, 2026: the bill is arriving faster than the revenue.
  • No final prospectus by Dec 31, 2026, or a price below $1.5 trillion: the market will not pay for 2027 now.
  • The first 10-K shows compute above 50% of 2026 revenue: the revenue did not clear the bill.
Closes
Dec 30
7:00 PM ET
The thesis
Is Anthropic's revenue growing fast enough to pay for the computing it has already signed for?

A test is listed when its specification is admitted and a divergence names two sides. The open markets →

Question, rule and source from the DeepStack engine, data as of Nov 10, 2026. Analysis and opinion, not investment advice.

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