Recent Bloomberg reporting positions mid-November 2026 as the frontrunner for Anthropic’s IPO, with formal marketing eyed for the week of November 9 and trading targeted before Thanksgiving. This follows multiple delays from an earlier October window, driven by the company’s confidential S-1 filing in June and ongoing preparations including a planned October 14 investor gathering at $1.8–2 trillion valuation expectations. Strong revenue growth, large compute commitments, and competitive positioning against OpenAI underpin trader confidence in a near-term debut, though the prospectus highlights substantial losses, AI safety risks, and dependence on Big Tech partners. Key near-term catalysts include the upcoming investor meetings and any public filing updates that could confirm or shift the timeline.