IPO Winners & Losers: Anthropic’s Mega IPO, OpenAI Steps Back, and AI Infra Cracks
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About this episode
Welcome back to Renaissance Capital’s IPO Winners and Losers, the weekly podcast breaking down the biggest stories shaping the IPO market.
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This week:
• Anthropic moves closer to a potential October IPO that could top SpaceX’s record
• OpenAI appears to step back from the near-term IPO race
• Lyntris closes out the summer calendar with a disappointing debut
• Klarna plunges 31% after lowering guidance despite a strong quarter
• Tempus AI jumps 40% as investors reward a real catalyst amid broader AI weakness
We also discuss why Anthropic could become the defining IPO of the fall, how bond-market volatility is pressuring AI infrastructure stocks, and why the market is still rewarding strong catalysts even as investors become more selective.
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