Anthropic targets November IPO at $25-26 billion valuation after delays

Anthropic PBC is advancing plans for an initial public offering, targeting a debut as soon as mid-November 2026 after previously delaying its listing. The artificial intelligence company plans to host an investor day at its San Francisco headquarters on October 14, 2026, to brief institutional investors. Anthropic PBC aims to begin formal marketing the week of November 9, 2026, and start trading before the Thanksgiving holiday on November 26, 2026, despite ongoing scrutiny over AI safety.

Timeline for the public offering

• ▪Anthropic PBC is targeting an initial public offering as soon as the middle of November 2026
• ▪Anthropic PBC could begin formal marketing for its initial public offering as soon as the week of November 9, 2026
• ▪Anthropic PBC aims to begin trading before the Thanksgiving holiday on November 26, 2026, before dealmaking typically halts

Investor day preparations

• ▪Invitations to Anthropic PBC's October 14, 2026 investor meeting have recently gone out to prospective institutional investors
• ▪On October 14, 2026, Anthropic PBC will meet prospective institutional investors at its San Francisco headquarters, allowing a select group to ask questions to senior executives

Debatable claims

• ▪Anthropic should delay its IPO until AI safety standards are established
• ▪Anthropic's public benefit corporation status is sufficient to protect its safety mission