Anthropic reportedly plans to move forward with IPO plans

The source is a short brief, so I’m building the five funding sections only from its names, figures, and timetable, then checking length.Anthropic is moving ahead with listing plans, according to The Wall Street Journal, and plans to set a valuation range this week and begin trading on Thursday or Friday of next week. Marina Temkin's In Brief, posted at 5:27 PM PST on November 9, 2026, carries that account in TechCrunch's report. A major tech IPO would seem risky shortly after one of Nasdaq's biggest sell-offs and amid revelations that a CEO central to the AI boom had an affair with a suspected Chinese spy, and that is not deterring Anthropic.

This piece covers the listing timetable, the $2 trillion figure floated a few months ago, the $1.5 trillion target discussed as recently as last week, and pressure from some institutional investors for a valuation below that target. It is for readers setting those marks beside OpenAI, Anthropic's main rival, reportedly valued at $1.25 trillion last week after the ChatGPT maker raised $11 billion in fresh capital, short of the $20 billion it had initially sought. Investors will look to Anthropic's valuation to gauge the strength of the AI boom.

01Listing plans and a trading window

Anthropic plans to set a valuation range this week and begin trading on Thursday or Friday of next week, the Journal reported. Posted at 5:27 PM PST on November 9, 2026, the In Brief presents those steps as Anthropic moving ahead with its listing plans. The topic labels are AI, Anthropic, In Brief, IPO, and valuation.

The Wall Street Journal is the outlet named for the decision to proceed and for the Thursday-or-Friday window. Marina Temkin is the byline, the clock on the item is 5:27 PM PST, and the image credit is Ruhani Kaur/Bloomberg / Getty Images. The page also shows the tags 2027 and San Francisco next to those topic labels.

02Sell-off risk and the spy case

Launching a major tech IPO would seem risky right now, shortly after one of Nasdaq's biggest sell-offs. The brief sets that sell-off amid revelations that a CEO central to the AI boom had an affair with a suspected Chinese spy. The item does not name that CEO or give a company or a date for the revelations.

That backdrop is not deterring Anthropic, which is moving ahead with its listing plans, according to The Wall Street Journal. The timetable tied to that decision is a valuation range this week and a start of trading on Thursday or Friday of next week. The Journal is the source the brief cites for those listing plans.

03From $2 trillion to $1.5 trillion

Some institutional investors are now pushing for a valuation below the $1.5 trillion target discussed as recently as last week, the report said. That $1.5 trillion figure was itself considerably below the $2 trillion floated a few months ago. The brief's Anthropic numbers are the $2 trillion figure and the $1.5 trillion target, with some institutional investors pushing for a valuation below that target.

The sequence runs from $2 trillion floated a few months ago, to the $1.5 trillion target discussed as recently as last week, to some institutional investors pushing below that target. A few months ago is the timing on $2 trillion, and last week is the timing on the $1.5 trillion target. The report says investors will look to Anthropic's valuation to gauge the strength of the AI boom.

04OpenAI at $1.25 trillion

OpenAI, Anthropic's main rival and the ChatGPT maker, was reportedly valued at $1.25 trillion last week. The company raised $11 billion in fresh capital, short of the $20 billion it had initially sought. Those OpenAI figures appear in the same brief as Anthropic's plan to set a valuation range this week.

The $1.5 trillion Anthropic target discussed last week and the $1.25 trillion OpenAI valuation reported last week are both in the brief. The $2 trillion figure floated for Anthropic a few months ago is in the item as well, and the brief calls $1.5 trillion considerably below that $2 trillion. Some institutional investors are pushing for a valuation below the $1.5 trillion target.

05Unset range and two sessions

Anthropic plans to set the valuation range this week, and the November 9, 2026 brief does not print the range. Trading is still given as Thursday or Friday of next week, which leaves two sessions. Some institutional investors are pushing for a valuation below $1.5 trillion, and the item does not give the number they want.

The rival mark in the brief is OpenAI at $1.25 trillion last week, after $11 billion in fresh capital, short of the $20 billion the ChatGPT maker had initially sought. Anthropic's reference points in that same item are the $2 trillion floated a few months ago and the $1.5 trillion target from last week. Investors will look to Anthropic's valuation to gauge the strength of the AI boom.

Thursday and Friday of next week both stay in the Journal's trading line, and the valuation range stays a task for this week. The risk named in the brief is one of Nasdaq's biggest sell-offs, together with revelations that a CEO central to the AI boom had an affair with a suspected Chinese spy. Those conditions are not deterring Anthropic, which is moving ahead with its listing plans, according to The Wall Street Journal.