Anthropic Targets November Listing — Does $2 Trillion Hold Up?

According to Reuters citing people familiar with the matter, Anthropic plans to file its prospectus by late September, begin roadshowing as early as mid-October, and complete its listing before the U.S. midterm elections in November. The timeline is now more specific than earlier reports suggested. The core numbers remain the same as previously disclosed: a target valuation of roughly $2 trillion, a raise of up to $100 billion, projected 2028 revenue of $190–200 billion, and a TAM estimate of over $30 trillion presented to prospective investors. A few things worth keeping in mind. IPO timelines still depend on regulatory approvals and market conditions, so a source's read on the schedule isn't a final confirmation. The current rate environment is not particularly friendly to high-multiple tech valuations, and how the roadshow is received will directly affect where the final price range lands. Pre-listing access is limited, and the various related ETFs vary considerably in how closely they actually track Anthropic. Is this good timing for an IPO? Can a $2 trillion valuation hold up in the current market? Flexibly allocate across core U.S. tech equities and diversified RWA portfolios on Bitget — achieve efficient cross-asset allocation and precision risk hedging: https://www.bitget.com/promotion/futures-rwa