AI company Anthropic is racing toward an IPO around the Thanksgiving window and could list as early as Nov 16, TMTPost reported on Nov 10, 2026. On the same day, a tip on V2EX said Anthropic's valuation expectations during the roadshow had been cut to $1.2-1.3 trillion. The IPO is seen as a pricing test for the AI industry.
Listing timing and valuation expectations
TMTPost reported that Anthropic's listing window is locked around Thanksgiving, with the earliest market debut on Nov 16. That timing makes it the most closely watched IPO among top AI companies in recent memory.
The V2EX tip further said Anthropic's roadshow valuation expectations had been cut from earlier levels to $1.2-1.3 trillion. The tip also commented that the stock could go through a period of "Unitree curve" after the open (note: the tip's original wording, presumably referring to a volatile trajectory similar to Unitree Robotics after its listing), but "after all, Unitree also has its flowering day," suggesting continued optimism about AI's long-term prospects.
"After the open it will definitely go through a Unitree curve for a while, but after all, Unitree also has its flowering day. AI can't just end like this. Of course, if you think AI is just another metaverse, then let's just call each other idiots." — original V2EX tip
Market reaction and industry significance
TMTPost characterized Anthropic's IPO as an "AI pricing test," and its valuation performance will directly affect the market's pricing logic for top AI companies. If the valuation is cut to $1.2-1.3 trillion as the V2EX tip said, it could reflect capital's cautious attitude toward high AI valuations.
The discussion in the V2EX tip also touched on the AI bubble debate. The tip compared the current AI boom with the "metaverse," arguing that AI will not recede as quickly as the metaverse did, while acknowledging that short-term market volatility is hard to avoid. That view represents a typical mindset among some market participants: optimistic about the long-term trend, wary of short-term valuation pullbacks.
What to watch next
Next, watch Anthropic's final offering valuation, its first-day share performance, and how the IPO transmits to valuation expectations for peer AI companies. If the stock swings sharply after listing, it could trigger a broader AI bubble debate and affect other AI companies' fundraising and listing plans.