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According to informed sources, the artificial intelligence company Anthropic plans to bring Citigroup into its main underwriting syndicate for its initial public offering. If it goes ahead, Citigroup will join Morgan Stanley, Goldman Sachs, and JPMorgan Chase in a core underwriting role. Anthropic may submit its listing application to regulators as early as the end of this month.

Sources say that Anthropic is expected to reach or exceed SpaceX's record IPO scale. The company stated that it will prepare IPO application documents as early as the end of August.Anthropic's revenue in the second quarter exceeded $11.5 billion, with an annualized revenue of $65 billion in July.

On August 19, the Hong Kong Stock Exchange released its mid-year results for 2026. In the first half of 2026, revenue and other income reached HKD 16.702 billion, a year-on-year increase of 19%; profit attributable to shareholders was HKD 10.568 billion, a year-on-year increase of 24%, both figures setting new records. Boosted by the performance, the stock price of the Hong Kong Stock Exchange closed at HKD 414.6, up 2.37%. The performance was driven by strong corporate financing demand and an increase in trading volumes of spot, derivatives, and the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect. In the first half of the year, 87 new stocks were listed, raising a total of HKD 212.4 billion, a year-on-year increase of 94%.The average daily trading amount in the spot market increased by 18% year-on-year to HKD 283 billion, setting a new high for the same period; the average daily trading contracts in derivatives increased by 6% to 1.8 million contracts; the average daily trading volume of the Shanghai Stock Connect and Shenzhen Stock Connect reached RMB 345.3 billion, more than double that of the same period last year. Goldman Sachs and JPMorgan Chase maintained "Buy" and "Overweight" ratings, respectively. Before the performance announcement, the Hong Kong Stock Exchange announced the renewal of CEO Charles Li's contract for three years, with the new term starting from March 1, 2027, to February 28, 2030, which has been approved by the Hong Kong Securities and Futures Commission.During the period, the Hong Kong Stock Exchange promoted consultations to shorten the stock settlement cycle, simplify the trading unit for each transaction, and introduced the first ETF tracking the "Hong Kong Stock Exchange Technology 100 Index," announcing the launch of Chinese government bond futures. In response to the extension of trading hours, Charles Li stated that the derivatives market operates until 3 a.m. the next day and will prioritize connecting with the North American market, while the spot market requires more detailed communication.

According to the official announcement from MSX, the platform has officially opened the redemption application for the Pre-IPO Phase II projects Anthropic and Polymarket.Official data shows that as of the latest valuation, the subscription price for Polymarket has risen from $152 per share to $202.67 per share, with a floating profit of 33.3%; the latest valuation of Anthropic is also higher than the subscription price.After this redemption opening, users can choose to apply for redemption and settle in USDT at the latest market price according to their own needs, or continue to hold until the target completes its IPO.Previously, MSX had completed the trading loop from subscription to listing for the Pre-IPO Phase I projects $CBRS and $SPCX. Users can log in to the MSX platform page to view specific redemption rules and asset status.

According to Axios, payment giant Stripe stated in a letter to investors that January 1 marks "the beginning of a singularity," viewing it as a significant turning point in a long-term trend, and believes that maintaining a private structure is best suited for this critical moment, with the IPO likely to remain on hold. The company reported a 41% year-on-year revenue growth in the first half of the year and a 43% increase in free cash flow; 88% of the companies in Forbes AI 50 (including OpenAI and Anthropic) are building on its platform, with revenue from AI and crypto companies more than doubling year-on-year.Stripe also confirmed the acquisition of the AI routing platform OpenRouter, with the transaction amount not publicly disclosed; Axios learned that the amount exceeds $8 billion and is primarily paid in stock. Stripe stated that remaining private helps advance mergers and acquisitions and long-term investments without diluting shareholders, with its equity count now lower than three years ago, and a compound annual return of about 31% since the D round. The company stated that the total payment volume on its platform is expected to reach $1.9 trillion by 2025, a year-on-year growth of 34%; in February this year, the employee stock purchase valuation was approximately $159 billion. There are also reports that Stripe is in discussions with Advent International to acquire PayPal for about $53 billion.

OpenAI Chief Financial Officer Sarah Frier stated that OpenAI plans to become a publicly traded company by 2027, but may go public earlier if business growth accelerates. Frier mentioned that the IPO is a milestone and a means of financing. In March of this year, the company completed a $122 billion financing round, providing greater flexibility for future development.

Investor Gavin Baker stated in Friday's All-In Podcast that marginally, Anthropic's share is flowing towards OpenAI, open-source models, and Grok, but its growth remains very rapid. Baker mentioned that if the $65 billion related data is accurate, then someone leaked this information to assist Anthropic's upcoming IPO roadshow, allowing it to claim a higher annual recurring revenue (ARR) after expanding capacity from July to September.Baker pointed out that following statements related to Anthropic's potential IPO roadshow in September or October, given OpenAI's aggressive approach to locking in computing power and almost certainly capturing significant market share, the market should subsequently see leaks from OpenAI to demonstrate its faster growth. He stated that there will be a lot of speculation surrounding this IPO.Baker also noted that the $65 billion data is impressive for the capacity-limited Anthropic and the entire AI industry, even though Anthropic may be losing some market share. He also mentioned that the number of Codex users has nearly doubled in the past five weeks.

"Humanoid Robot First Stock" Yushu Technology (688836) officially landed on the Sci-Tech Innovation Board today, with the stock price opening significantly high before retreating. The stock opened at 1100.00 yuan, up 629.44% from the issue price of 150.80 yuan, with a market value that once reached 444.9 billion yuan. Subsequently, the stock price fluctuated downward, and as of the time of writing, it was reported at 882.22 yuan, with the increase falling back to 485.03%, and a market value of approximately 356.827 billion yuan. The current turnover rate has reached 61.90%, with a transaction amount of 17.159 billion yuan. Based on the opening price, a single lot (500 shares) has an unrealized profit of about 474,600 yuan. Yushu Technology's public offering this time was 40.4464 million shares, raising approximately 6.1 billion yuan, with an issue price-earnings ratio of 219.23 times.

Serenity published an evaluation of the Yushu IPO event, pointing out that Yushu Technology's market value on its first day of listing was approximately $53.3 billion, making it the first significant public market benchmark in the field of humanoid robots.The next humanoid robot company worth paying attention to is Agility Robotics, which has the support of Nvidia and Amazon, and is expected to go public in Q4 with a valuation of $2.5 billion. Serenity believes that pure humanoid robot companies are experiencing public market demand far exceeding expectations.

According to Bloomberg, AI company Anthropic PBC plans to grant shares with extra voting rights to CEO Dario Amodei and other co-founders before preparing for an IPO. This move aims to ensure that the founding team retains dominant control over the company's strategic direction after it goes public. This dual-class share structure is already quite common in the tech industry, with Meta founder Zuckerberg and Snap founder Spiegel holding similar super-voting shares.

Yushu Technology today debuted on the Sci-Tech Innovation Board, surging 629.44% at the opening. Based on the issue price of 150.80 yuan per share, selling one lot in the online subscription could earn 474,600 yuan. Based on this calculation, the Meituan group is the largest external shareholder of Yushu Technology, holding approximately 35.1236 million shares through Hanhai Information, Chengdu Longzhu, and Galaxy Z, with an unrealized profit exceeding 33.3 billion yuan.

Yushu Technology officially landed on the Sci-Tech Innovation Board, opening with a surge of 629.44% at 1100 yuan per share, with a total market value reaching 444.9 billion yuan. Based on the issue price of 150.80 yuan per share, one lot can earn 474,600 yuan. Astrend IV, an affiliate of Shunwei Capital founded by Lei Jun, holds 16.106 million shares, with an unrealized gain exceeding 15.2 billion yuan.

According to reports, Anthropic is expected to go public in a few weeks. Anthropic's revenue in the second quarter more than doubled compared to the first quarter.

According to the disclosure on the website of the China Securities Regulatory Commission, the IPO guidance status of Yangtze Memory Technologies Co., Ltd. has changed to "Guidance Acceptance," with the guiding securities firms being CITIC Securities and CITIC Construction Investment.

According to the Wall Street Journal, OpenAI told investors that its revenue in the second quarter increased by 18% compared to the first quarter, reaching $6.7 billion, but losses further widened.The decline in operating profit margin makes the prospect of achieving profitability before an IPO bleak.

Market news indicates that Anthropic's pre-IPO credit line may exceed the target of $10 billion.

Hyperliquid Policy Center (HPC) and tradeXYZ jointly submitted a letter to the U.S. Securities and Exchange Commission (SEC), introducing Pre-IPO perpetual contracts (IPOPs) and advocating that U.S. investors should have the right to participate in such markets. The letter states that Cerebras opened at a price 89% higher than its IPO pricing, SK Hynix was 14% higher, and SpaceX was 11% higher, with each public market on Hyperliquid providing price signals before formal trading began.tradeXYZ has launched 5 IPOP (Initial Public Offering Price Options) markets on Hyperliquid. IPOP is a cash-settled perpetual derivative that references the expected public listing price of private companies, used for price discovery before listing, and does not represent shares, warrants, or any securities rights. The parties listed issues that the SEC needs to address before allowing such markets to serve U.S. investors in the letter and believe that modernizing IPOs could utilize this price signal for issuers and investors.