Anthropic targets IPO launch before Thanksgiving

Anthropic PBC is preparing to launch its initial public offering, with marketing expected to begin around November 9. The company's trading debut could occur before Thanksgiving on November 26.

Despite facing competition from OpenAI and recording significant losses, investors remain optimistic about Anthropic's valuation prospects. The firm is aiming to exceed SpaceX's record IPO size, signalling ambitions for a major market debut.

While the broader market for new listings has faced delays, Anthropic is moving forward with its public offering plans.