Money & marketsAnthropic is reported to be targeting a mid-November IPO at a valuation of up to $2 trillion

Bloomberg reported on October 1 that Anthropic is seeking to go public as early as mid-November. Formal marketing could start the week of November 9, with trading beginning before Thanksgiving on November 26, and investor meetings are set for October 14. The valuation under discussion is $1.8 trillion to $2 trillion, which would make it the largest IPO ever. Revenue in 2025 was about $4.6 billion, twelve times the year before.

The report cites people familiar with the matter and has not been confirmed by Anthropic. Discussions are ongoing, so the timing could change, with a listing still expected by the end of the year.