The next highly anticipated IPO is likely to come from AI startup Anthropic, which recently filed a confidential S-1 with the Securities and Exchange Commission as of June 1. This moves it closer to going public.
This situation is somewhat reminiscent of the SpaceX IPO, though investors can’t directly purchase shares prior to a company’s public debut. Nevertheless, there are ETFs like the KraneShares Artificial Intelligence and Technology ETF (NASDAQ: AGIX) that already hold Anthropic shares, allowing interested parties to invest in it now.
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KraneShares Investment Approach and IPO Insights
KraneShares invests in both public and private tech and AI companies, allocating about 80% of its net assets to stocks in the Solactive Etna Artificial General Intelligence Index. This index emphasizes three areas of AI: hardware, infrastructure, and applications, facilitating broader investments beyond just chipmakers and software firms.
Its top five publicly traded investments feature major players like Nvidia, Alphabet, Meta Platforms, Microsoft, and Apple. Additionally, it holds shares in SK Hynix, a memory storage company that trades in Korea, often tricky for U.S. investors to access.
Private Investments
KraneShares has made a direct investment in Anthropic, possessing roughly 17,800 shares. As of June 17, Anthropic represented about 1.4% of the ETF’s holdings.
Beyond Anthropic, KraneShares has significant investments in other firms. It invested in SpaceX prior to its IPO, currently holding over 111,000 shares, along with more than 367,000 shares in self-driving and robotics company Nuro, and around 14,000 shares in prediction market operator Polymarket.
Benefits and Risks of KraneShares ETF
The ETF has performed nicely in 2026, with gains exceeding 27% as of June 18. While most holdings are publicly traded, it also provides some exposure to pre-IPO companies, which usually isn’t accessible to regular investors. Focusing on AI within hardware, infrastructure, and applications helps mitigate the risks of over-reliance on a single AI segment.
However, risks do exist. For instance, there could be volatility as excitement around the Anthropic IPO wanes following its public launch. Some investors might see less value in the ETF since they can purchase Anthropic shares directly once they’re available. Plus, any significant downturn in AI stocks could particularly impact this ETF, given its focus on AI.
That said, it might be a suitable choice for long-term investors interested in wide-ranging AI exposure and who appreciate KraneShares’ holdings in various private companies.
Should You Buy Shares of KraneShares Trust – KraneShares Artificial Intelligence and Technology ETF Now?
Before making any investment in the KraneShares Trust – KraneShares Artificial Intelligence and Technology ETF, you might want to consider a few things.
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