Here are 5 things for investors to watch with the Anthropic IPO on the home stretch.

Anthropic, the developer of advanced AI models, is set to go public next week. Including a $26 billion private placement, the listing could break the record set by SpaceX when it completed its IPO in June. The total deal could raise up to $90.4 billion for the AI giant and its cofounders. Bloomberg identified five things investors should watch in the coming days.

Anthropic’s IPO roadshow aims to persuade investors to buy as many shares as possible, with help from ambitious forecasts and prominent executives. Goldman Sachs analysts presented models projecting that the AI start-up’s revenue would rise more than 130-fold by 2030 to about $685 billion. JPMorgan CEO Jamie Dimon is scheduled to speak with Anthropic CEO Dario Amodei in a livestream on Friday.

In documents filed with the U.S. securities regulator on Tuesday, Anthropic set a price range of $70-78 per share for its IPO. That range implies a fully diluted valuation of up to $1.4 trillion. Anthropic also began taking orders, and investors have already put in for several times the number of shares on offer, Bloomberg reports. SpaceX’s $75 billion base offering drew more than $350 billion in orders.

Bloomberg reports there is no guarantee Anthropic will increase the size of its IPO or raise its valuation target. As orders come in, however, strong demand will put pressure on the company to raise its targets, most likely around the midpoint of the roadshow. An increase in the valuation is already under discussion, according to the Financial Times. Given the volatility in AI stocks in recent weeks, Anthropic may stick with its original terms. A larger offering could absorb some of the demand that companies like to see lift their shares on the first day of trading.

The IPO is due to price on November 18, a week from now. Lately, a week has been a long time in the stock market, Bloomberg points out. CoreWeave’s quarterly results, released Tuesday, eased some concerns about AI spending after a bruising selloff. Nvidia reports earnings on November 17, with CEO Jensen Huang at the center of a scandal after admitting to an affair with an alleged Chinese spy. Market turmoil will likely influence where Anthropic prices the offering.

It will take less than half a trading session to see how well the bankers and the company did their jobs, Bloomberg writes. Anthropic shares are expected to debut on the Nasdaq around noon on November 19. Early indications of the opening price will start coming in that morning, ahead of the first trades. Investors who received IPO allocations will be looking for a jump in the share price and can sell quickly if the stock falls. Early investors and employees who own shares stand to make sizable gains unless the stock plunges. Post-IPO lockups will require them to hold on to their stakes for some time.