The global IPO super gate is about to open! Anthropic aims for a $100 billion financing, while Oura and the parent company of Dunkin' Donuts are lining up to ring the bell.

The list of companies planning to go public in the coming months continues to grow, including intelligent ring manufacturer Oura and Inspire Brands, the parent company of North America's well-known Dunkin' restaurant and quick-service brand, as well as top-tier global AI startups like Anthropic. Established consumer brands and high-growth AI application leaders, along with heavy-capital AI computing infrastructure providers, are all seeking to go public, indicating that the global public trading market is simultaneously pricing for cash flow certainty and significant long-term growth potential in AI. The global Initial Public Offering (IPO) market appears to be forming a dense listing pipeline that spans consumer health, chain dining, cutting-edge AI, and data center infrastructure: Oura and Inspire Brands provide narratives of established consumer brands and ongoing cash flow expansion, while Anthropic, Nscale, Switch, and SB Energy represent the urgent financing needs of capital-intensive AI industry chain companies in the public market. Among these, Anthropic's potential record fundraising of up to $100 billion may become a landmark transaction that tests global investors' risk appetite for AI themes, although all timelines remain highly dependent on market volatility, valuation tolerance, and new stock issuance windows. Anthropic PBC, a leader in global AI large models/AI applications, is expected to exceed SpaceX's record IPO scale when it launched on the U.S. stock market in June. This latest expectation regarding the AI industry chain clearly indicates the extremely strong demand from institutions and retail investors hoping to profit from an unprecedented investment boom in artificial intelligence. The $33.4 billion dining behemoth is heading towards an IPO! Dunkin's parent company leads the consumer and cash flow camp. Media reports, citing informed sources, have indicated that Oura, which develops a smart ring that tracks fitness and health metrics, is considering an IPO on the U.S. market as early as September or October this year. The company is expected to be valued significantly higher than the $11 billion valuation it achieved in its last funding round. Inspire Brands, which owns Dunkin', Baskin-Robbins, and Arby's, may go public as early as the end of this year. Sources have told the media that its IPO could be pushed to early 2027. Recently, the market has focused on the U.S. dining leader Inspire Brands, which is not a single food and beverage company but owns six major brands: Dunkin, Baskin-Robbins, Arbys, Buffalo Wild Wings, Jimmy Johns, and SONIC. It is one of the largest multi-brand dining platforms globally, with an estimated global system-wide sales of about $33.4 billion and over 33,400 stores worldwide by 2025. After acquiring Dunkin in 2020, Inspire became the second-largest dining group in the U.S. by domestic system sales and store count. From an investment perspective, Inspire Brands' core value lies in its franchise-driven, asset-light cash flow, cross-brand procurement, and digital platform synergies. The main risks include pressure on U.S. low- and middle-income consumers, rising labor and ingredient costs, and the constraints of debt repayment on valuation following the IPO. Dunkin is essentially a high-frequency fast-food platform in the U.S. that dominates coffee and cold drinks while also offering breakfast items, not just a donut shop: its core products span coffee, espresso, iced drinks, energy drinks, donuts, baked goods, breakfast sandwiches, and portable snacks, with a business model emphasizing franchising, drive-thru, mobile ordering, speed, and cost-effectiveness. Its U.S. system-wide sales are expected to reach approximately $13.1 billion by 2025, making it the fifth-largest chain dining brand in the U.S., second only to Starbucks as the largest coffee chain; the U.S. has around 10,000 stores, and there are over 14,200 locations worldwide. According to Technomic data, Starbucks is projected to account for about 48% of U.S. coffee shop sales in 2025, but Dunkin has increased its market share for two consecutive years; its growth logic is expanding from traditional breakfast hours to include cold drinks, energy drinks, afternoon tea, and indulgent dessert scenarios. Claude is racing to the pinnacle of capital! Anthropic aims for $100 billion in funding. According to media reports citing informed sources, the highly anticipated IPO of Claude developer Anthropic is expected to raise up to $100 billion, with specific listing activities potentially occurring in September or October. U.K.-based AI cloud computing company Nscale plans to raise about $3 billion through an IPO in the U.S., possibly as soon as next month. Data center company Switch and SB Energy, supported by legendary investor Masayoshi Sons SoftBank Group, are meeting with investors and may look to go public later this year. Reports suggest that Nscale is also engaged in discussions with potential investors. All of the aforementioned IPO plans depend on market conditions, and there is no guarantee that any company will proceed with its planned listing. Statistics compiled by institutions show that Elon Musk, CEO of Tesla and the world's richest person, initially raised $75 billion for SpaceX, making it the largest IPO in history, with a market valuation reaching $1.77 trillion when listed on the U.S. stock market. After including the so-called over-allotment option, the final fundraising amount reached an unprecedented $86.2 billion; this option is typically exercised if the stock rises shortly after its listing. Informed sources indicate that discussions are still ongoing, and details such as the size of Anthropics IPO may still change. Anthropic's IPO target size, which is more ambitious than SpaceXs, reflects how the most prominent companies in the AI industry are reshaping the landscape of technology investments. This company, founded only five years ago, raised $65 billion at a valuation of $965 billion in May this year, surpassing its competitor OpenAI's valuation of $852 billion when it raised $12.2 billion in March. The demand for AI-related applications is rapidly increasing, as evidenced by the sharp rise in Anthropics revenue statistics. Reports citing informed sources indicate that the companys preliminary revenue in the second quarter exceeded $11.5 billion, whereas the same period in 2025 saw only about $787 million; by the end of July, its annualized revenue run rate reached an astonishing $65 billion. Revenue run rate is a metric that estimates annual revenue based on revenue from a shorter period. The demand for large models has shifted from one-time Q&A to multi-step workflows continuously performed by AI agents, involving planning, retrieval, code execution, tool invocation, and result verification: each task exponentially consumes tokens while accumulating real usage data and evaluation feedback, driving enhancements in model capabilities, task success rates, customer retention, and revenue, forming a compounding loop of "more callsstronger modelshigher automation ratesmore paid calls." Claude Cowork and its plugins targeted at legal, sales, marketing, and data analysis embody this paradigmtransforming Claude from a chat interface into the "execution layer" for enterprise work, raising market concerns about the contraction of traditional software roles, commoditization of functions, and weakening of pricing power; related announcements had triggered a market value evaporation of about $285 billion in the software and data services sector, with Goldman Sachs' basket of U.S. software stocks dropping 6% in a single day; while this impact does not indicate that traditional SaaS will be immediately replaced, it marks a shift in global AI competition from "who has the strongest model" to "who can let agents take over the most workflows and convert tokens into cash flow."