Recent reports from Bloomberg and Reuters indicate that Anthropic has shifted its IPO timeline from an earlier October target to mid-November 2026, with formal marketing potentially starting the week of November 9 to incorporate third-quarter financial results before the Thanksgiving holiday. This adjustment, driven by the need for updated revenue data amid rapid growth in its Claude large language model business, underpins the market-implied odds favoring November at 59.1%. The company is preparing for a potentially record-sized debut at a valuation near $2 trillion, supported by a large credit facility and investor meetings, though plans remain subject to regulatory review and market conditions. Traders appear to weigh these verified preparation steps against historical IPO slippage risks in the competitive AI sector.