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Anthropic targets mid-November IPO amid $2 trillion valuation expectations
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Moneycontrol•01-10-2026, 23:24
Anthropic Eyes Mid-November IPO After Delay, Defying Market Trends
  • •Anthropic PBC plans to go public as early as mid-November, after previously delaying its listing plans.
  • •The AI model maker behind Claude could begin formal marketing for its IPO around November 9, aiming to trade before Thanksgiving.
  • •Despite renewed competition from OpenAI and increasing scrutiny over AI safety, investors reportedly value Anthropic between $1.8 trillion and $2 trillion.
  • •Anthropic reported a net loss of almost $42 billion in 2025, a significant increase from the previous year, with revenue reaching $4.6 billion.
  • •The company's decision to proceed with an IPO defies a trend of delays and postponements in the current market for new listings.

Key Questions Answered

Anthropic PBC is looking to go public as soon as the middle of November, with formal marketing potentially starting the week of Nov. 9 to trade before Thanksgiving. The company is expected to make its debut no later than the end of the year.

Prospective investors believe that a fair valuation for Anthropic falls in the $1.8 trillion to $2 trillion ballpark. The company also expects to match or beat the size of SpaceX's IPO.

Anthropic reported a net loss of almost $42 billion in 2025, which was driven largely by a jump in the change in fair value of its liabilities. Meanwhile, the company's full-year revenue for 2025 reached roughly $4.6 billion.