Anthropic's record IPO set to intensify San Francisco's housing crunch

Anthropic's San Francisco IPO, projected as one of the largest in history, is expected to inject billions into the local economy and intensify pressure on the city's competitive housing market. The company's potential $2 trillion valuation could generate increased tax revenue, but real estate professionals report buyers are already arriving with cash amid scarce inventory, with homes frequently selling above asking price. Housing advocates warn affordability will worsen for existing residents, while OpenAI, valued at $1.2 trillion, is projected as the next local company to pursue an IPO.