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

As Anthropic nears its Wall Street debut, early backers stand to reap huge gains. Iconiq first invested in 2025 when Anthropic was valued at $183 billion, has put in over $6 billion, and now holds a stake worth about $17 billion. Spark and GIC also benefit.

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