Anthropic’s IPO timeline has shifted to a November 2026 target after an earlier October window slipped, with the company planning to release its S-1 prospectus in the coming weeks and begin investor meetings around mid-October. This delay allows inclusion of third-quarter results to showcase accelerating revenue, which reached a $65 billion annualized run rate in July and is projected to exceed $100 billion by year-end. Bankers including Morgan Stanley and Goldman Sachs are leading preparations for what could be a record $100 billion raise at a roughly $2 trillion valuation, supported by a $15 billion revolving credit facility and potential anchor investment from Nvidia. Despite ongoing AI safety debates, these fundamentals continue to underpin strong trader expectations for a 2026 listing ahead of U.S. midterms.