Anthropic, SpaceX and "China's Nvidia": what's important about the IPO by Dec. 7

Anthropic, a startup that created the Claude chatbot and competes with OpenAI in the enterprise segment, seems to have started preparing for one of the largest IPOs in history. Elon Musk's SpaceX is also targeting an IPO in 2026. Moore Threads Technology's "Chinese Nvidia" Moore Threads shares soared more than 5 times in debut trading after listing in Shanghai. Travel service Klook, which competes with Booking.com in Asia, postponed its U.S. offering until next year amid weak results from rivals. The main IPO market events of the week are in our selection.

- US AI startup Anthropic, developer of chatbot Claude, has engaged lawyers to prepare for an IPO that could become one of the largest in the history of the stock market, sources told the Financial Times. The company has already held preliminary consultations with investment banks, but the process is at an early stage and underwriters have not yet been selected. According to the FT, the listing could take place in 2026, although some of the publication's interlocutors believe this timeline is too optimistic. Investors expect Anthropic to go public before its main competitor OpenAI.

- Elon Musk's space company SpaceX is going to hold an IPO in the second half of 2026, sources told The Information. According to them, such terms it calls investors and representatives of financial institutions. SpaceX is considering an initial public offering of the entire company, including Starlink - a division of satellite Internet, said the interlocutors of the publication. Information about the IPO appeared against the background of reports of sources Bloomberg and The Wall Street Journal that Musk's company is preparing a secondary sale of shares, in which it could be valued at up to $ 800 billion and thus become the most expensive startup.

- Canadian Barrick Mining, the world's second-largest gold producer after Newmont, is exploring an IPO of a new subsidiary that would combine the company's key North American assets amid a record rise in precious metal prices. Barrick said its subsidiary would take stakes in its joint venture with Newmont - Nevada Gold Mines, the Dominican Republic's Pueblo Viejo mine and the Fourmile project in Nevada. The listing could take place in New York, according to a Reuters source. The gold mining giant intends to retain a controlling stake by offering investors a minority stake. Barrick plans to release information on the placement valuation in February 2026.

- Fintech service Wealthfront intends to raise up to $485 million in an IPO on Nasdaq. The company has set the price range of the offering at $12-14 per share. If the securities are sold at the upper limit, its capitalization will be about $2 billion. BlackRock and Wellington Management have agreed to purchase securities for up to $150 million. Wealthfront specializes in automated investment management, focusing primarily on a young audience, and also provides banking services. Switzerland's largest bank UBS wanted to buy Wealthfront for $1.4 billion in 2022 to expand its high-net-worth client base, but backed out of the deal later that year.

- Indian investment company ICICI Prudential Asset Management is likely to launch its long-awaited $1.2 billion IPO as early as next week, Bloomberg reported, citing sources. It is the country's fifth offering of more than $1 billion in 2025. India's second-largest mutual fund player expects a business valuation of $12 billion.

- Shares in Chinese artificial intelligence chipmaker Moore Threads Technology, dubbed "China's Nvidia," soared 425% on the first day of trading in Shanghai after its 8 billion yuan ($1.1 billion) IPO. Moore's debut was a record for offerings over $1 billion in China since the 2019 exchange reform, surpassing the result of another chipmaker, SMIC. According to data compiled by Bloomberg, Moore's retail subscription exceeded the offering by 2,750 times. The startup is competing with Huawei and Cambricon Technologies for market share following Nvidia's exit from China, but remains unprofitable despite revenue growth in 2025. Huawei and Cambricon plan to significantly increase AI chip output in 2026, expecting demand from Alibaba, Deep Seek and other AI companies to accelerate.

- China National Uranium, China' s only uranium producer, raised about 4 billion yuan ($570 million) during its IPO in Shenzhen, and the company's quotations almost quadrupled on the first day of trading. The listing of the company, which has exclusive rights to uranium mining, took place against the backdrop of a large-scale expansion of Chinese nuclear power: China already leads in the number of reactors under construction and by 2030 may surpass the United States and France, becoming the largest operator of nuclear power plants in the world, Bloomberg notes.

- Online travel platform Klook Technology, a Chinese competitor of Booking.com, has postponed its IPO on the New York Stock Exchange to early 2026, sources told Bloomberg. They said the decision to postpone the listing, previously planned for late 2025, was due to unfavorable market conditions and weak performance of competitors - particularly Navan, whose shares fell 38% just a month after the offering. Klook expects to raise between $300 million and $500 million in the IPO and use the proceeds for acquisitions, investments and working capital.

This article was AI-translated and verified by a human editor