Anthropic IPO tilts to $1.5T: 2023's $1M grants now worth ~$78M

FinanceYF5 · x · 2026-10-30

levels.fyi's zuhayeer ran the numbers: with investors tempering expectations, Anthropic's IPO looks more like $1.5T than $2T. At $87/share post 10-for-1 split, $1M grants at each round price are worth: $78M (2023), $29M (2024), $16M (early 2025), $6.2M (late 2025), $3.4M (early 2026), $1.5M (summer 2026) — a 52x spread over three years. At $2T, add 36% to each figure.

Related event: Anthropic IPO Valuation Expectations Cool to $1.5 Trillion(3 posts)→

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