Anthropic files for Nasdaq IPO with valuation target of up to $2 trillion

Anthropic wants to go public, and it is not thinking small. The AI company filed its Form S-1 with the US Securities and Exchange Commission on October 26, 2026, setting up a Nasdaq listing under the ticker ANT. The projected valuation sits between $1.5 trillion and $2 trillion. Anthropic is expected to raise at least $100 billion, which would put the deal in the running for one of the largest IPOs in history. What’s inside the filing The listing is targeted for mid-November. The week of November 16 looks like the likely window, with Class A shares set to trade on Nasdaq. Revenue is the headline grabber. Anthropic brought in $16.3 billion in the first half of 2026, a 1,300% jump from the same stretch a year earlier. Most of that money arrived late. The second quarter alone delivered $11.6 billion, more than two-thirds of the half-year total. Q2 also produced something new for the company: an operating profit. Anthropic reported $974 million in operating income for the quarter, its first time in the black on that measure. Then comes the other number. The company posted a net loss of $80.7 billion for the first half, driven mainly by substantial non-cash charges. Who’s running the de...