Anthropic IPO Could Launch in October as China’s Kimi K3 Overtakes Claude

• Anthropic IPO plans are reportedly moving forward, with reports saying the AI startup could launch its public offering as early as October
• China’s Kimi K3 has climbed above Claude in a leading AI coding benchmark, highlighting intensifying competition ahead of the potential listing
• CNBC’s Jim Cramer weighed in on the IPO speculation as investors look for the next major pure-play AI company to enter public markets

Artificial intelligence investors may not have to wait much longer for another blockbuster listing. The Anthropic IPO is reportedly gathering pace, with reports saying the Claude developer is targeting an October debut. But the timing comes as competition in the AI industry is becoming harder to ignore. China’s Kimi K3 has just moved ahead of Claude on a prominent coding benchmark. This adds a brand new twist to what could become one of the year’s most closely watched public offerings.

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Anthropic Prepares For a Potential October IPO

Reports revealed that Anthropic has begun meeting investors ahead of a potential IPO that could launch as early as October. Morgan Stanley, Goldman Sachs, and JPMorgan are said to be leading preparations, although the company has not made a final decision on the timing.

The reported plans build on Anthropic’s confidential draft S-1 registration statement filed with the US Securities and Exchange Commission (SEC) in June. This allows the company to move through the IPO process privately before releasing detailed financial disclosures.

The Claude developer has become one of the most valuable AI startups after raising billions of dollars from investors, including Amazon and Google. A public listing would give investors one of the first opportunities to buy shares in a frontier AI company. This comes especially as OpenAI is reportedly targeting a later debut.

The IPO chatter has also caught the attention of Wall Street personalities. CNBC host Jim Cramer reacted to the potential IPO debut and shared a post on X.

In addition, prediction market Polymarket has opened a contract on whether Anthropic will go public by the end of October. It seems like traders are inclining towards a more bullish stance.

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China’s Kimi K3 Overtakes Claude as AI Competition Heats Up

While Anthropic’s IPO is drawing investor interest, developers are watching another milestone. According to Frontend Code Arena, Kimi K3, developed by China’s Moonshot AI, has climbed to the top of the platform’s coding leaderboard. It has outperformed Claude Fable 5, OpenAI’s GPT-5.6, and several other leading AI models.

This comes as reports suggest Moonshot AI is developing an even larger model with as many as 3 trillion parameters. This shows how quickly Chinese AI companies are closing the gap with their US rivals.

Competition is becoming tougher on pricing as well. Venture capitalist Chamath Palihapitiya recently argued that leading Chinese AI models can deliver inference at a fraction of the cost of premium Western offerings. This points to how companies like Anthropic will defend their pricing as the market matures.

For Anthropic, the reported October IPO would arrive at a notable moment. The company remains one of the industry’s biggest names. But the race is no longer defined by OpenAI alone.

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