Anthropic IPO: When is it and how can you invest?

Key takeaways
- Anthropic confidentially filed for an initial public offering (IPO) on 1 June.
- Reports suggest the US-based AI company could go public in late October, although it hasn't completed the registration process yet.
- What's next: If and when it does launch, Australian investors will be able to buy shares via a broker with access to the NASDAQ, or via an ETF.
Anthropic wants to go public. The US-based AI company behind Claude confidentially filed for an IPO on 1 June, the first step in a process that may take months.
A confidential S-1 filing means the public can't see any details about the proposal just yet. The Securities and Exchange Commission (SEC) will give Anthropic feedback before it submits a public filing, if it chooses to do so.
Right now we don't know what the ticker will be, the number of shares issued or the indicative price.
Reports suggest Anthropic is eyeing an IPO in late October 2026, if everything goes to plan.
So how can Australian investors get in on the action?
1. Register for the public offering allocation
When US companies go live, it's often difficult for retail investors in Australia to access shares at launch.
Shares are allocated to large institutional investors, and there may only be a small Australia-specific offering for retail investors.
SpaceX for example offered retail investors the chance to buy at the IPO price if they registered in advance with CommSec or Sharesies. Everyone else had to wait until shares hit the open market, where they immediately traded above the IPO price.
When Anthropic gets closer to filing publicly, investors should keep an eye out for information about registering for the Australian offering, if there is one.
Registration usually closes days before launch, and it can take days to get verified on platforms like CommSec if you aren't already registered.
2. Buy shares via a broker once trading begins
The most straightforward way for Australian investors to get a piece of Anthropic will be via a share trading platform with access to US markets.
Anthropic will likely list on the tech-heavy NASDAQ exchange, so you won't be able to invest via the ASX.
Luckily there are many Australian share trading platforms with access to US markets. Compare trading platforms and look at US trading fees, account fees and what markets and assets the platform has access to.
3. Invest in Anthropic via a NASDAQ or AI ETF
Rather than buy Anthropic shares directly if and when it starts trading, you can also look at exchange-traded funds (ETFs).
An ETF lets you invest in a bundle of stocks, and is an easy way to invest in specific markets, industries or groups of companies instead of throwing all your money at one company.
For Anthropic, look for NASDAQ ETFs, tech-focused or AI-specific ETFs. You'll be able to invest in these ETFs via the ASX too, which is convenient for Australian investors.
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