Anthropic’s IPO process has advanced rapidly into its final stages, with the company filing an amended S-1 on November 10 setting a $70–$78 per share range for 825 million Class A shares and targeting a fully diluted valuation of up to $1.4 trillion. Strong institutional demand—reported at roughly six times oversubscribed—reflects trader confidence in the AI leader’s explosive revenue trajectory, which reached a $17 billion third-quarter run-rate and $81 billion annualized by late October. A concurrent $26 billion private placement with strategic investors including Google, Nvidia, and Microsoft at the IPO price further signals broad backing. Pricing is slated for November 18 with Nasdaq trading under ticker ANT expected to begin November 19, positioning the deal as one of the largest ever and leaving little time for material disruptions before resolution.