Anthropic’s recent SEC S-1 filing on October 26, 2026, positions the company for a Nasdaq listing under ticker ANT as early as mid-November, with expectations of raising up to $100 billion at a potential $1.5–2 trillion valuation. First-half 2026 revenue reached $16.3 billion, reflecting over 1,300% year-over-year growth driven by Claude model adoption, though net losses widened to $80.7 billion largely from non-operating items tied to convertible notes. Traders are weighing this trajectory against elevated capital commitments exceeding $417 billion for compute infrastructure and data centers, alongside competitive pressures and revenue-growth moderation warnings in the prospectus. The IPO would mark the first frontier AI lab to go public, with market-implied odds reflecting the proximity to Thanksgiving and ongoing AI-sector volatility.