# Anthropic Is Worth $1 Trillion on the Secondary Market. Its IPO Bankers Disagree.

- slug: anthropic-is-worth-1-trillion-on-the-secondary-market-its-ipo-bankers-disagree
- date: 2026-04-23
- category: Artificial Intelligence

Secondary markets have priced Anthropic at $1 trillion, overtaking OpenAI for the first time. But the bankers preparing its potential IPO are working from half that number — and the gap is wider than it looks.

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