Anthropic Eyes Pre-Thanksgiving IPO Feast With $2T Valuation on the Menu 🦃

Anthropic is preparing for an initial public offering that could arrive as early as mid-November, ahead of the U.S. Thanksgiving holiday on November 26, according to a Bloomberg report cited by industry outlets. Formal IPO marketing is expected to begin during the week of November 9, with shares potentially trading before the holiday, the report said.

The company is weighing a valuation of $1.8 trillion to $2 trillion, a range that has drawn direct comparisons to SpaceX's earlier public debut this year. Anthropic, the developer of the Claude artificial intelligence model, has accelerated its commercial trajectory, with projected 2025 revenue of $4.6 billion underscoring its rapid growth ahead of any listing.

Market participants have noted the compressed timeline, with the company moving quickly from private capital raises toward public-market access. Anthropic has drawn significant private investment in recent funding rounds, fueling speculation about pricing and demand once shares begin trading.

The proposed valuation and schedule remain subject to market conditions and regulatory review, and the company has not publicly confirmed a specific target date. Investors and analysts are watching the deal as a benchmark for AI-sector listings heading into 2026.

The development comes amid renewed activity across technology listings, with Anthropic positioning itself as one of the most closely watched AI issuers of the year alongside other major private companies.