Anthropic Eyes November IPO, Could Begin Marketing As Early As Nov 9

Anthropic, the artificial intelligence developer behind Claude, is contemplating an initial public offering (IPO) as early as November, according to Bloomberg News. The company could begin marketing its IPO during the week of November 9, which could potentially precede the Thanksgiving holiday on November 26. Although discussions are ongoing, the company remains on track to go public by the end of 2026, though its exact timeline has not been finalized.

Anthropic is preparing to meet prospective investors at its San Francisco headquarters on October 14 as part of the IPO process. Investor interest appears robust, with some potential investors envisioning a valuation between $1.8 trillion and $2 trillion for the company. Anthropic is targeting an IPO size comparable to SpaceX's upcoming offering.

The AI landscape is becoming increasingly competitive, with OpenAI experiencing a sales surge and both companies facing heightened scrutiny over the security of advanced AI systems after several notable hacking incidents. Anthropic's CEO, Dario Amodei, has advocated for slowing the rapid development of AI models. OpenAI's CEO, Sam Altman, has also postponed the company's IPO plans, citing an unsuitable time for going public in the current environment.

Anthropic's financial performance has been a significant talking point for investors. The company reported revenue of around $4.6 billion in 2025, an increase from $386 million in the previous year, but its operating loss surpassed $8 billion. Its net loss in 2025 reached nearly $42 billion, with over $34 billion of the annual loss attributed to changes in the fair value of Anthropic's liabilities.

The company's IPO schedule remains fluid as it continues discussions with investors and prepares for a potential public offering.