Anthropic Could Join the Nasdaq-100 Only 15 Trading Days After Its IPO, Just Like SpaceX Did
Yahoo Finance ·
Anthropic, the company behind the Claude family of artificial intelligence (AI) models, has reportedly picked where its stock will trade. It has chosen Nasdaq for its planned initial public offering (IPO) , according to a Business Insider report this month citing a person familiar with the plans. Some estimates put the potential valuation near $2 trillion, the report said, though that figure isn't final. The Wall Street Journal has since reported that the listing slipped to November, after third-quarter results. Anthropic hasn't confirmed any of it. If Business Insider is right, the choice matters for investors who never touch an IPO. The Nasdaq-100 is limited to nonfinancial companies listed on Nasdaq -- a company that lists with the New York Stock Exchange can't get in while it stays there. And more than 200 investment products with over $800 billion in assets track the index, including the Invesco QQQ Trust ( QQQ -0.84% ) . And under a rule that took effect on May 1, a big enough newcomer can join the index just 15 trading days after its IPO. SpaceX ( SPCX -4.11% ) did exactly that this summer. If Anthropic's timeline holds, QQQ investors could own a slice of the AI company before the year is out.
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