Anthropic has rescheduled its planned initial public offering from October to November 2026. The company aims to provide potential investors with a complete set of third-quarter financial results before commencing its roadshow. Marketing efforts are slated to begin in mid-October, with the listing expected to occur prior to the U.S. midterm elections.
The company reported an annualized revenue run rate exceeding $65 billion as of July 2026, with internal forecasts projecting between $100 billion and $110 billion by the end of the year. The IPO is anticipated to reach a valuation of approximately $2 trillion, with expected proceeds of $100 billion, potentially making it one of the largest offerings in history.
Morgan Stanley, Goldman Sachs, JPMorgan, and Citi have been selected to lead the underwriting process. Anthropic submitted its confidential draft S-1 registration to the SEC on June 1, 2026. Additionally, the firm is finalizing a revolving credit facility valued at $15 billion as part of its preparations for the public debut.
In its most recent private funding round in May 2026, Anthropic raised $65 billion at a post-money valuation of $965 billion. The current probability of the company going public before the end of October is estimated at approximately 6 percent. The delay is attributed to financial reporting requirements rather than strategic shifts in AI safety.
