Anthropic is moving ahead with meetings with institutional investors ahead of a possible initial public offering after a confidential filing with U.S. securities regulators, according to Bloomberg, while reports differ on the earliest listing window. Bloomberg has pointed to October at the earliest, while BlockBeats said Anthropic and OpenAI could target Q4 2026, and The Information reported Anthropic could list as early as September. Morgan Stanley, Goldman Sachs and JPMorgan are serving as joint lead underwriters. Anthropic was valued at $96.5 billion in a May funding round, and a public debut would be closely watched as a test of investor appetite for large artificial intelligence companies. The company has accelerated preparations as revenue rises sharply on demand for AI models, particularly coding-assistance tools, even as political uncertainty and litigation remain part of the backdrop.