Anthropic Plans to Go Public in Mid-November — Bloomberg

AI giant Anthropic expects to go public as early as mid-November, sources told Bloomberg. According to them, the company may launch its official IPO roadshow as early as the week of November 9–15, which would allow trading to begin before Thanksgiving. Discussions regarding the timing are ongoing, so the schedule could still change, the sources told the agency.

According to some Bloomberg sources, Anthropic’s fair valuation could range from $1.8 trillion to $2 trillion. As the agency previously reported, the company expects its IPO to be comparable in size to SpaceX’s record-breaking offering—or even to exceed it.

In 2025, Anthropic’s net loss totaled nearly $42 billion—about five times more than the previous year, Bloomberg reported in August. Revenue, meanwhile, rose from $386 million to approximately $4.6 billion. Most of the net loss was not directly related to operating activities but rather to the revaluation of Anthropic’s liabilities at fair value: this factor accounted for more than $34 billion of the annual losses, according to documents reviewed by the agency.

If Anthropic goes public as scheduled, it will buck the general trend in the initial public offering market. Several companies have recently postponed their IPOs, including the Finnish “smart” ring maker Oura, which postponed its listing just a few hours before the planned share offering after some potential investors were put off by the estimated valuation of approximately $15 billion.

IPO timelines have also been pushed back for a number of other companies amid weak performance by this year’s new listings. Excluding the record-breaking IPOs of SpaceX and SK Hynix, the weighted average return for more than 100 companies that went public this year is minus 4%, according to Bloomberg. By comparison, the S&P 500 has gained 12%, and the Nasdaq 100 has risen 20%.

This news story is being updated.

This article was AI-translated and verified by a human editor