Anthropic’s IPO timeline centers on investor meetings beginning October 14 at its San Francisco headquarters, with formal roadshow marketing targeted for the week of November 9 and trading expected before Thanksgiving, positioning the company for a potential year-end listing at a banker-modeled valuation of $1.8–2 trillion. The confidential S-1 filed in June underpins this schedule, while a leaked prospectus highlights 2025 revenue of $4.6 billion—up twelvefold year-over-year—offset by an $8 billion operating loss and $42 billion net loss, driven largely by $7.33 billion in compute spending and a $34 billion accounting charge tied to prior financing. Prospective investors weigh these metrics against $518 billion in long-term infrastructure commitments and competitive pressure from OpenAI, with the $100 billion raise target reflecting strong capital-market appetite for scaled AI platforms despite elevated losses and execution risks ahead of the November window.