Traders on the prediction market Kalshi are treating Anthropic as the last major initial public offering likely to occur in 2026 after OpenAI delayed its planned public listing, a move that has coincided with a string of other postponed offerings.
Kalshi, which lets users bet on the likelihood of future events, now reflects heightened market focus on Anthropic as the remaining sizable candidate for a public debut this year. The shift underscores how a small set of high-profile technology companies can shape expectations about the flow of new listings to public markets.
The delays by OpenAI and other firms have thinned the short-term pipeline of AI and tech IPOs, concentrating investor attention on any company that signals readiness to proceed. For companies like Anthropic, that attention can influence timing, pricing and demand for a potential deal, while also exposing them to greater scrutiny from market participants.
Uncertainty remains over whether Anthropic will move forward this year. Market watchers say the company’s timetable, broader market conditions and investor appetite will determine if it becomes the lone major AI listing of 2026 or if further postponements extend the quiet spell in tech IPO activity.