Anthropic IPO Valuation Hits $2 Trillion in Binance Pre-IPO Trading

Binance has begun pre-IPO trading of Anthropic, an AI company, which has already priced it at around $2 trillion. This valuation is roughly double the value of its recent Series H funding round and approximately 30 times its current run-rate revenue, according to data from Binance Research in August.

Richard Teng noted on September 9, 2026, that this pre-IPO trading is delivering live price discovery for Anthropic as its IPO draws nearer. Traders are now watching how much of the eventual listing price will sit inside the current curve, amidst ongoing debates about AI startup market capitalization forecasts.