Anthropic IPO to Drive Blockbuster Gains for Iconiq, Spark, GIC

By the time Iconiq made its first investment in Anthropic PBC in 2025, the artificial intelligence developer was valued at $183 billion — more than almost any other tech startup in the world — and well on its way to becoming an AI juggernaut. Yet even Iconiq’s later stage bet is now set to bring in massive returns as Anthropic nears its Wall Street debut.The investment firm, which has pumped more than $6 billion into Anthropic, owns a stake worth approximately $17 billion based on the AI company

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