Anthropic IPO Expected to Generate Blockbuster Returns for Early Backers Iconiq, Spark Capital, and GIC

Anthropic is set to become a major force in public markets as the AI frontier company races to complete its initial public offering before mid-November, triggering enormous wealth creation for its institutional backers. Singapore's GIC, venture capital firm Spark Capital, and investment adviser Iconiq Capital stand to see particularly outsized gains, with their combined stakes potentially worth tens of billions of dollars upon the company's public debut.