Anthropic’s accelerated revenue trajectory and deliberate timeline adjustments are anchoring trader sentiment around a November 2026 listing at 69.4% implied probability. After confidentially filing its S-1 in June, the company delayed marketing from October to allow inclusion of third-quarter results, with formal roadshow activity now eyed for the week of November 9 and trading targeted before Thanksgiving. Its Claude large language model has driven annualized revenue past $65 billion by July and toward $100–110 billion by year-end, supporting discussions of a roughly $2 trillion valuation despite steep compute costs and net losses. This positions Anthropic ahead of rival OpenAI in the race to public markets, while procedural steps such as finalizing a $15 billion credit facility and prospectus release reinforce the near-term window. Later months reflect residual uncertainty over any last-minute shifts in market conditions or regulatory review.