Anthropic plans to go public before the US Thanksgiving holiday, targeting a raise of $80 billion to $100 billion at a valuation of $1.25 trillion to $1.75 trillion, according to a Financial Times report as summarized by Dealroom and Techmeme in early November 2026. Lens could not read the FT article, which is behind a paywall, so these figures come from those summaries alone.

What the summaries say

  • The web address of Dealroom’s note on the report reads, in effect, “Anthropic presses ahead with a pre-Thanksgiving IPO targeting $80B–$100B at $1.25T to $1.75T, FT reports.” Lens could not open the page itself.
  • A Techmeme item credited to the Financial Times says, in Lens’s paraphrase of the listing, that Anthropic plans to list before Thanksgiving, targeting $80 billion to $100 billion at a valuation of $1.25 trillion to $1.75 trillion.
  • A social-media post shared with Lens attributes a $1.5 trillion valuation to the FT. That figure is the midpoint of the reported range, and Lens has not seen a single-figure valuation in the summaries it read.

Thanksgiving in the US falls on November 26, 2026.

Earlier reporting, which differs

  • Bloomberg reporting syndicated by Quartz on October 2, 2026 said prospective investors valued Anthropic between $1.8 trillion and $2 trillion, that bankers could start a roadshow in the week of November 9, and that the plan was to begin trading before the November 26 holiday, with any dates subject to change. It said senior executives had not set a valuation target, even privately, and it gave no fundraising amount.
  • Lens has also covered reports of valuation pressure on the listing and reports on the company’s IPO filing, revenue and losses.

What is not known

The sources Lens read give no final price range, share count or listing date, and Lens did not find a statement from Anthropic in them. The ranges reported by different outlets at different dates do not agree, and each reflects what its sources said at the time.

Sources and notes

This post rests on two summaries of the FT report, from Dealroom and Techmeme, and on the Bloomberg report syndicated by Quartz on October 2, 2026, which Lens read. Lens did not read the FT article, and Dealroom’s page returned an access error, so details beyond the summaries, such as the investors the FT cited, are not reported here.

Image: columns and flags on a stock exchange building facade in New York, by 颐园居 via Wikimedia Commons, licensed under CC BY-SA 4.0; cropped. Stand-in photo; it is not related to Anthropic’s planned stock-market listing, and Lens has not reported where any listing would take place.