Anthropic, the developer of Claude AI, is preparing for an initial public offering scheduled for mid-November 2026. The company aims to begin its formal marketing week on November 9, with the goal of starting public trading before the Thanksgiving holiday on November 26.
Discussions regarding the IPO valuation are currently centered on approximately $2 trillion. If achieved, this valuation could allow the company to raise over $100 billion. This target represents a significant increase from the company's last private valuation of $965 billion, recorded after a $65 billion Series H round in May 2026.
Financial data shows that as of July 2026, the company's annualized revenue run rate exceeded $65 billion, with projections reaching $100 to 110 billion by the end of the year. In 2025, the company reported revenue between $4.6 billion and $10 billion, alongside a net loss of $42 billion attributed to infrastructure and compute costs.
Founded in 2021 by Dario and Daniela Amodei, the company operates as a public benefit corporation. Its development has been supported by major tech firms, including Amazon and Google. The upcoming IPO is expected to serve as a public benchmark for the valuation of frontier AI companies.
