Catenaa, Saturday, September 12, 2026- Nvidia is considering investing up to $10 billion in Anthropic’s initial public offering, which could become the biggest IPO of all time.
Reuters reported that Anthropic is seeking to raise as much as $100 billion in the offering, valuing the artificial intelligence company at around $2 trillion.
It is in talks to bring in Nvidia, the largest maker of AI processors, as an anchor investor, the news outlet said.
Anthropic expects to match or beat the size of SpaceX’s record-setting IPO, Bloomberg reported in August.
Anthropic’s target reflects how the AI industry’s leaders are transforming the tech investment landscape. The five-year-old company raised $65 billion in May at a $965 billion valuation, surpassing rival OpenAI’s valuation of $852 billion in March when the ChatGPT maker raised $122 billion.
The plans remain under discussion and could change, Reuters said.
Meanwhile, Connor Group founding executive Jim Neesen said Anthropic could see overwhelming demand and command a valuation near $2 trillion when it goes public.
“I expect Anthropic to be heavily oversubscribed at the time of IPO and well positioned to achieve a valuation close to the $2 trillion range,” Neesen said.
Neesen brings extensive IPO experience to the prediction. Connor Group has worked on 275 IPOs representing more than $4 trillion in valuation, including offerings involving Tesla, Uber, Spotify, Lyft, Palantir and Cerebras.
Anthropic, last valued at $965 billion following May’s $65 billion Series H, has confidentially filed for an IPO at an expectedly higher valuation. Share terms and pricing have not been disclosed.
The growing expectations around the offering are already affecting Anthropic’s private-market shares. Neesen said investors are willing to buy shares before the IPO because they believe getting access to the private market could prove easier, and potentially cheaper, than waiting for the public offering.
Demand is coming from retail investors, family offices, private funds, private equity firms and other professional investors, Neesen said. Those investors are also looking beyond Anthropic’s current financial performance and placing greater weight on its future growth prospects, according to Neesen.
“Buyers are pricing in where they believe the company will be, not just where it is today,” he added.
