By Kit Norton
Zoom Communications' bet on artificial-intelligence start-up Anthropic might be about to pay off in a big way.
Zoom stock rose 11% to $112.64 on Monday after Anthropic announced plans to go public, confidentially submitting a draft S-1 to the Securities and Exchange Commission for a proposed initial public offering.
Video calling company Zoom invested $51 million in Anthropic through its venture-investment arm in 2023. That investment has currently surged in value to more than $1 billion and it could grow a lot larger with the Anthropic IPO.
In late May, Zoom also disclosed it had invested an additional $46 million in Anthropic between the end of January and April.
Write to Kit Norton at kit.norton@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
June 01, 2026 12:49 ET (16:49 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments