Anthropic Is Racing to Price Its IPO Before the Thanksgiving Dealmaking Freeze
By this time next month, Anthropic could be a public stock and have a massive market capitalization.
Anthropic, a leading player in the artificial intelligence (AI) industry, is preparing for a potentially record-breaking IPO that could take place before Thanksgiving. The company aims to go public in mid-November, ahead of the typical holiday dealmaking freeze. While some analysts had hoped for a valuation of $2 trillion, signs point to a more conservative estimate of $1.5 trillion, potentially as low as $1.2 trillion.
During the first half of 2026, Anthropic reported $16.3 billion in sales, a significant increase from $1.1 billion in the same period last year, driven by strong demand for its Claude AI software suite. However, the company also posted a $80.7 billion loss during the same period. Despite this, sales in the third quarter of 2026 grew by 45% on a sequential basis to reach $16.8 billion.
Although Anthropic may not surpass SpaceX in terms of IPO size, the company's successful public debut could provide the necessary capital for further expansion and growth.
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