Recent Bloomberg reporting has shifted trader consensus toward a November 2026 Anthropic IPO, with implied probability at 63.2%, as the company now targets marketing the week of November 9 and a listing before Thanksgiving. Delays from earlier October plans stem from finalizing a $15 billion revolving credit facility, completing analyst meetings, and presenting full third-quarter results amid rapid revenue growth—Q2 revenue hit $11.5 billion with a run rate exceeding $65 billion. The confidential S-1 filed in June positions Anthropic for a potential $1.8–2 trillion valuation, the largest IPO on record, though market conditions, competition from OpenAI, and detailed risk disclosures on AI capabilities could still influence timing. The roadshow remains the key near-term catalyst.