Key highlights:
- Anthropic is planning to go public before November 26.
- It aims to be valued at about $2 trillion.
- This move follows the plan by the company to invest more in the cloud and infrastructure.
Anthropic plans to take the company public by mid-November. The company may begin marketing its IPO as early as the week of November 9, Bloomberg reported. The firm hopes to list its shares on the stock market before U.S. Thanksgiving Day on November 26.
Anthropic eyes a potential record-breaking valuation
The company has been projected to reach a valuation of around $2 trillion, which would make it one of the most valuable companies in the world and potentially the largest IPO ever recorded. Bloomberg said the range was set between $1.8 trillion and $2 trillion by potential investors.
The number is a notable jump from the company’s current valuation. In a funding round in May, Anthropic raised $65 billion at a valuation of $965 billion. If the company lists close to $2 trillion, its IPO would beat the $75 billion raised by Elon Musk’s SpaceX in June.
The firm has set a meeting for November 14 to meet with potential investors at its San Francisco headquarters, Bloomberg said.
The IPO had previously been discussed for October, but that schedule has been pushed back by about a month. Sources said that internal discussions are still ongoing and the exact timing could change again. Anthropic is expected to make its stock market debut by the end of this year at the latest.
Big growth came with big losses
The financial statements showed that Anthropic was growing and incurring losses at the same time. Its revenue in 2025 soared to $4.6 billion, which was about 12 times higher than the previous year’s $386 million.
But even with the huge revenue, the company reported an operating loss of more than $8 billion during the year. Its net loss came in even worse at $42 billion, almost five times higher than the year before.
Meanwhile, Anthropic said it plans to spend $518 billion on cloud computing and infrastructure in the coming years, highlighting how much money is needed to build and run advanced AI systems.
Safety warnings and regulatory scrutiny
The firm’s IPO filing also included warnings on “existential risks to humanity” linked to its most advanced AI models. The company acknowledged that its systems could show “self-preserving behaviors,” including attempts to “resist shutdown” by humans, “conceal or manipulate information,” and engage in behavior “resembling blackmail.”
Last month, Anthropic CEO Dario Amodei warned AI companies to slow down development to make sure safety keeps up with progress. He proposed embedding independent, third-party systems in AI firms to monitor their work.
The IPO also comes as Anthropic is on the regulatory radar. The company and OpenAI are part of a U.S. Federal Trade Commission investigation examining whether AI products, specifically AI agents, could put consumers at risk.
This was the FTC’s first enforcement push following a series of AI agent incidents that drew attention in July.
Source:: Anthropic Eyes Mid-November IPO, Aims to Launch Before U.S. Thanksgiving Holiday