🇺🇸Anthropic plans to begin its IPO roadshow next week, targeting a listing during the week of November 16.

The reported milestone is a planned roadshow, not a completed offering. Reports citing people familiar with the matter said Anthropic would begin formally marketing its IPO to prospective investors the following week. The targeted listing window was the week of November 16, before the U.S. Thanksgiving holiday.

Valuation figures remain reported expectations rather than finalized terms. One report said the market had previously expected proceeds exceeding $80 billion at a $1.5 trillion valuation. FinancialJuice separately reported investor discussions around $1.2 trillion–$1.3 trillion, without identifying those figures as an official offering range.

Other reporting described a higher earlier target and subsequently lower investor expectations. Financial_Express, citing Yicai, said Anthropic had targeted $2 trillion when confidentially submitting documents to the Securities and Exchange Commission (SEC), while some investors subsequently expected less than $1.5 trillion, including estimates as low as $1 trillion. Anthropic declined to comment, and the supplied sources provide no public prospectus, final share count, offering price, exchange, ticker, or dilution terms.