# Anthropic Picks Nasdaq While Its CEO Tells the Industry to Pace

Times of AI Desk · 2026-09-13 · Frontier Labs

[https://timesof.ai/2026/09/anthropic-nasdaq-ipo-q2-profit](https://timesof.ai/2026/09/anthropic-nasdaq-ipo-q2-profit)

> Business Insider and Reuters report Anthropic selected Nasdaq for a potential October IPO; the FT says the company told investors adjusted operating income was positive for a second consecutive quarter on $11.5 billion of Q2 revenue. Not a pricing.

**Corrected October 14, 2026:** Sourced the FT profit details to its Irish Times syndication; removed an unsourced claim that Anthropic had a confidential S-1 on file since June, plus the related 15-day rule line; corrected the source for Altman's no-2026-IPO remark (Fortune).

Anthropic is trying to be the first US frontier lab to list while its CEO tells the industry to pace. The venue pick and the second-profit claim are the new facts; a ~$2 trillion valuation print is still talk.

**Business Insider** (September 13), relayed by **Reuters**, said **Anthropic** has selected **Nasdaq** for a potential **October** IPO. Some accounts float a ~**$2 trillion** valuation versus **SpaceX**’s **$1.75 trillion** — talk, not a filed range. Same weekend **FT**: Anthropic told a small investor group **adjusted operating income** will be positive for a **second consecutive quarter**; **Q2 revenue $11.5 billion** (~**14×** YoY from ~**$787 million**); **ARR $65 billion** end-July vs **$9 billion** end-2025; gross margins **>80%** *before* Amazon-style distribution share and training cost. **Not** a priced deal. **OpenAI** contrast: **Altman** ruled out a **2026 IPO** to Fortune on **September 12**.

## Limits

- Watch for public financials, and whether **Nvidia as IPO anchor** (Reuters September 11 talks) makes the S-1.
- Venue selection and investor briefing are not a priced deal.

## Sources

- [Business Insider: Anthropic selects Nasdaq for IPO (September 13, 2026)](https://www.businessinsider.com/anthropic-selects-nasdaq-for-ipo-amid-ai-risk-concerns-2026-9)
- [Reuters: Anthropic selects Nasdaq for IPO, Business Insider reports (September 13, 2026)](https://www.reuters.com/business/anthropic-selects-nasdaq-ipo-business-insider-reports-2026-09-13/)
- [Financial Times: Anthropic profit briefing (September 13, 2026)](https://www.ft.com/content/4564e6a5-69e9-40a6-bf0f-a888f2f4f002)
- [The Irish Times (FT syndication): Anthropic tells investors it will be profitable for second straight quarter (September 14, 2026)](https://www.irishtimes.com/business/2026/09/14/anthropic-tells-investors-it-will-be-profitable-for-second-straight-quarter/)
- Times of AI: [Anthropic Q2 2026 revenue](https://timesof.ai/2026/08/anthropic-q2-2026-revenue) (August 14); [Anthropic supervoting stock and IPO](https://timesof.ai/2026/08/anthropic-supervoting-stock-ipo) (August 18)
- [Bloomberg Law: Anthropic Revenue Surges to Over $11.5 Billion in Second Quarter (August 14, 2026)](https://news.bloomberglaw.com/artificial-intelligence/anthropic-revenue-surges-to-over-11-5-billion-in-second-quarter)
- [Fortune: Sam Altman: OpenAI won’t go public this year as IPO now would come at an ‘ill-advised moment’ (September 12, 2026)](https://fortune.com/2026/09/12/sam-altman-openai-ipo-delay-ill-advised-moment-safety-concerns/)