WOLF Financial is gathering analysts including Dan Ives and Dan Niles to dissect the Claude maker’s Nasdaq debut ahead of expected trading in mid-November
Most companies get a ringing bell and a few minutes on financial TV when they go public. Anthropic is getting an entire day of commentary before its shares have even traded.
WOLF Financial is organizing an all-day livestream on November 6, 2026, dedicated to Anthropic’s upcoming IPO. The lineup includes two well-known Wall Street voices: Dan Ives, who posts as DivesTech, and Daniel T. Niles.
The filing behind the hype
Anthropic made its Form S-1 public with the SEC on October 26, 2026. The company plans to list on the Nasdaq under the ticker ANT.
The schedule is tight. Promotional activity, the roadshow where bankers pitch the stock to institutional buyers, is set for the week of November 9. Trading is expected to begin sometime between November 16 and 20.
The headline figure in the prospectus is revenue. Anthropic booked $16.3 billion in the first half of 2026, an increase of approximately 1,300% from the same period a year earlier.
The losses are equally eye-catching. Anthropic reported a net loss of $80.7 billion for the first half of the year. That loss stems largely from non-cash revaluations of notes, meaning accounting adjustments to the value of certain financial instruments rather than money actually leaving the building.
The operating picture tells a more encouraging story. Anthropic recorded its first operating profit, $974 million, in the second quarter of 2026.
Trillion-dollar expectations
The offering is projected to raise between $75 billion and $100 billion. The implied valuation could fall somewhere between $1.5 trillion and $2 trillion.
Ives, one of the scheduled livestream participants, is even more bullish on the long game. He has projected Anthropic’s long-term value at between $2 trillion and $3 trillion.
The listing also follows SpaceX’s record debut earlier in 2026.
From safety lab to public company
Anthropic was founded in 2021 by former OpenAI engineers who put AI safety at the center of the company’s mission. Its Claude models have driven the rapid growth that now underpins the IPO story.
That safety focus shows up in the prospectus in an unusual way. The S-1 lists significant risks tied to its AI offerings, including the possibility of catastrophic impacts from how the technology is used.
What this means for the AI trade
Investors will be balancing two competing narratives. On one side sits revenue growth of roughly 1,300% and a first operating profit of $974 million. On the other sits an $80.7 billion net loss, even if much of it is non-cash, plus an unusually blunt list of existential risks.
Size is its own risk. Raising $75 billion to $100 billion requires a deep pool of buyers, and an offering that large can test demand in ways smaller deals never do.
For now, the dates to watch are clear. The livestream runs November 6, the roadshow kicks off the week of November 9, and shares are expected to start trading between November 16 and 20.
Disclosure: This article was edited by Diego Almada Lopez. For more information on how we create and review content, see our Editorial Policy.
