Recent reports from the Wall Street Journal and other outlets indicate Anthropic has shifted its IPO target from October to November 2026 to present full third-quarter financial results ahead of the roadshow. This aligns with the market-implied odds, where November leads at 51.5% and December follows at 23.1%, reflecting trader consensus around a late-2026 listing. The company confidentially filed its S-1 in June and continues preparing amid surging revenue—now exceeding a $65 billion annualized run rate with projections above $100 billion by year-end—supporting discussions of a roughly $2 trillion valuation. A $15 billion credit facility is also in progress. Key near-term catalysts include the expected public S-1 release in late September and marketing starting mid-October, though market volatility or regulatory timing could still influence the exact window.