Anthropic aims for early november IPO amid intensified AI competition

Anthropic, the AI startup, is targeting an initial public offering (IPO) as early as mid-November, with plans to list before Thanksgiving. According to insiders, the company could begin its IPO process as early as the week of November 9 and aim for a market listing by November 26. Despite the potential for reduced trading activity around Thanksgiving, Anthropic remains committed to listing by year-end, having initially planned to submit its IPO application after summer. The company's CEO, Dario Amodei, has called for slowing the development of new AI models, while OpenAI's CEO, Sam Altman, has delayed his company's IPO, citing unfavorable market conditions. Despite these concerns, investor interest in Anthropic remains strong, with some estimating its valuation at between $1.8 trillion and $2 trillion. Anthropic reported a net loss of nearly $420 billion in 2025, compared to $83 billion in 2024, though its revenue rose significantly to $46 billion in 2025, up from $3.86 billion in 2024. The company's losses are largely attributed to changes in the fair value of liabilities, which contributed over $340 billion in losses. As the AI industry faces heightened competition and public scrutiny over AI safety, Anthropic's IPO plans are closely watched by investors and industry observers alike.