Anthropic’s recent public S-1 filing on October 26, followed by an amended version on November 2 showing third-quarter revenue of $17 billion, has anchored trader expectations for a November listing on Nasdaq under ticker ANT before Thanksgiving. The company’s explosive revenue growth—up more than 1,300% year-over-year in the first half—contrasts with large accounting losses, underscoring the high-stakes test of investor appetite for AI valuations near $1.5–2 trillion. With the earliest roadshow possible around November 10 and pricing still pending, market-implied odds cluster tightly around November 18–23 as participants weigh execution speed against potential delays from regulatory review, underwriter scheduling, or market conditions. The 15.5% probability assigned to no IPO by November 30 reflects ongoing uncertainty in the final timeline despite the firm’s stated pre-holiday target.