Strong revenue momentum and banker expectations for a blockbuster debut are anchoring trader consensus around an Anthropic IPO closing above $1.8 trillion. The company confidentially filed in June and is now targeting a November launch after delays, with reports pointing to a potential $100 billion raise at roughly $2 trillion—more than double its May private valuation of $965 billion. Annualized revenue has surged past $100 billion, up from under $10 billion at the end of 2025, even as the prospectus highlights steep losses and over $500 billion in future compute commitments. Recent coverage notes the firm is pressing ahead amid AI safety debates and broader market caution, with marketing eyed for the week of November 9 and possible trading before Thanksgiving. This trajectory underpins the overwhelming implied probability for the top bracket while leaving room for last-minute shifts from execution or sentiment.