# Anthropic picks Nasdaq for its IPO

> A $2 trillion listing lands at Nasdaq, and the exchange war for AI companies just got louder.
- Title: Anthropic picks Nasdaq for its IPO · Business Insider
- Summary: A $2 trillion listing lands at Nasdaq, and the exchange war for AI companies just got louder. The exchange choice is mostly a branding win for Nasdaq. What…
- Keywords: anthropic, ipo, nasdaq, markets, business, technology, picks, Business Insider
- Source: Business Insider — https://businessinsider.com/anthropic-selects-nasdaq-for-ipo-amid-ai-risk-concerns-2026-9
- Author: Katie Roof
- Published: 2026-09-13T16:01:38.368+00:00
- Read time: 1 min
- Topics: anthropic, ipo, nasdaq, ai, markets, business, technology
## Anthropic chose Nasdaq
A person familiar with the plans says Anthropic picked Nasdaq for its potential listing, with October as the target month.
## Two trillion dollar rumor
Some estimates put Anthropic at $2 trillion, though nothing is finalized. For scale, Nasdaq also won SpaceX this year at a $1.75 trillion valuation.
## Why exchanges fought for it
Tech listings have been scarce for years, so two record-sized IPOs carry outsized weight. Both exchanges want to be known as the home for AI companies going public.

> Both hope to be seen as the home for future AI IPOs.
## Altman would not list now
OpenAI's Sam Altman says he wouldn't take his company public in the current climate, pointing at the fight over existential AI risk.
## A viral extinction warning
Last week a former Anthropic employee tweeted a warning that human extinction risk from AI runs above 10%. It spread fast and sharpened the scrutiny.

> warning of a greater than 10% human extinction risk
## The pick barely moves the stock
No clear evidence says companies trade better on one exchange. The real difference is opening-price mechanics, and Nasdaq's broke during Facebook's 2012 debut.

> There isn't a definitive answer on whether companies perform better on one exchange versus another.
## Key takeaway

The exchange choice is mostly a branding win for Nasdaq. What actually matters is that Anthropic is going public while its own people warn about extinction risk.