Anthropic IPO to deliver blockbuster gains for Iconiq, Spark, GIC

Anthropic is nearing its Wall Street debut, set to deliver massive returns to its backers. Iconiq has invested more than $6 billion in the AI developer and holds a stake worth roughly $17 billion, based on a $183 billion valuation at the time of its first investment in 2025.

• Iconiq has invested over $6 billion in Anthropic
• Iconiq's stake is worth about $17 billion
• Anthropic was valued at $183 billion at Iconiq's first investment
• Spark and GIC are also set for major gains