Anthropic IPO Puts FTX’s $1.3B Stake Sale in Focus

Anthropic has filed to list Class A shares on Nasdaq under the ticker ANT, although it has not set the offering price or share count. Reports place its potential IPO valuation at $1.5 trillion to $2 trillion. The Anthropic IPO filing has renewed scrutiny of FTX’s 2024 sale of its stake for about $1.34 billion. FTX invested $500 million, and its 7.84% holding at the time would imply a hypothetical value of $117.6 billion at a $1.5 trillion valuation, or $156.8 billion at $2 trillion. These calculations assume no dilution and do not reflect the current value of the shares sold. Buyers included Abu Dhabi-linked ATIC, Jane Street, Fidelity-managed funds and G Squared. Anthropic reported first-half 2026 revenue of $16.3 billion, up more than 1,300% year on year, while sequential growth slowed to 45%. It recorded an $80.7 billion net loss, largely attributed to non-cash valuation adjustments, and a $693 million operating loss. The company may seek to raise as much as $100 billion to support infrastructure commitments estimated at $500 billion to $800 billion. FTX creditor repayments remain based on allowed claims valued around the exchange’s November 2022 collapse, not later asset gains, so the IPO does not change repayment terms. For traders, the listing will test demand for high-growth AI companies with substantial losses and funding needs; it has no direct impact on cryptocurrency prices.