Anthropic’s rapid revenue acceleration and adjusted profitability signal strong momentum for its planned IPO. The company reported third-quarter revenue of $16.8 billion, up 45-46% sequentially from $11.5-11.6 billion, alongside positive adjusted operating results, figures shared directly with prospective investors during its October 14 pre-IPO meeting at headquarters. These results support a targeted November listing after the U.S. midterms, with marketing potentially beginning the week of November 9 and trading before Thanksgiving, following a confidential S-1 filing in June and a $965 billion private valuation in May. Traders are pricing in a potential $2 trillion valuation, more than double the prior round, amid $65-74 billion annualized run-rate estimates and heavy compute commitments, though the full public prospectus remains pending and execution risks persist around costs and market conditions.