Anthropic’s market-implied November 2026 IPO timing reflects recent timeline adjustments reported in early October, as the company shifted marketing to mid-November to incorporate full third-quarter results before the roadshow. Strong revenue momentum, with the annualized run rate exceeding $65 billion by July and internal targets above $100 billion by year-end, underpins the $1.8–2 trillion valuation expectations and supports the compressed schedule. Preparations including a $15 billion credit facility, Nasdaq listing choice, and engagement with underwriters like Morgan Stanley and Goldman Sachs have advanced steadily despite high compute costs and losses detailed in the prospectus. Upcoming catalysts include the formal roadshow around November 9 and potential listing before Thanksgiving, though regulatory reviews or market conditions could still influence the exact window.