Anthropic’s October 26 S-1 filing with the SEC, targeting a Nasdaq listing under ticker ANT as soon as the week of November 16, has anchored trader sentiment for an IPO by year-end. First-half 2026 revenue reached $16.3 billion—up more than 1,300 percent year-over-year—with Q2 delivering the first operating profit of $974 million, though a net loss of $80.7 billion reflected non-cash revaluations. The company raised $65 billion in May at a $965 billion valuation and now eyes a $1.5–2 trillion IPO valuation, potentially the largest ever, supported by hyperscaler commitments exceeding $500 billion in compute. Roadshow activity and pricing decisions in the coming weeks will determine final timing amid elevated Treasury yields and broader AI-sector volatility.