Anthropic is preparing for a potential October 2026 Nasdaq IPO, but SOC Investment Group has urged the company to postpone the offering because of AI safety risks and regulatory uncertainty. The Claude developer confidentially filed an S-1 registration statement in early June 2026 and is pursuing a $15 billion revolving credit facility, with Morgan Stanley, Goldman Sachs, JPMorgan and other banks involved. Annualized revenue rose from about $9 billion at the end of 2025 to $65 billion by the end of July 2026, while second-quarter revenue exceeded $11.5 billion and adjusted operating income turned positive. Anthropic selected Nasdaq over the New York Stock Exchange, and its private valuation reached $965 billion after a $65 billion May 2026 Series H financing raised $65 billion. Market discussions have cited a potential public valuation near $2 trillion, but prediction-market pricing indicates reduced confidence that the company will exceed a $1.25 trillion market capitalization on its first trading day. The safety and regulatory debate has not formally changed the IPO timetable, and the next visible steps remain a public S-1 filing, expected mid-October marketing and a potential listing before the early-November U.S. midterm elections, subject to market conditions and final documentation. Investors are watching responses from co-founders Dario and Daniela Amodei, possible changes to the IPO strategy and U.S. Securities and Exchange Commission developments on AI regulation.