Anthropic is reportedly targeting a November initial public offering that could value the company at roughly $2 trillion and raise as much as $100 billion, potentially making it one of the largest equity listings in history. The Claude developer had been considering an October debut, but the later schedule would allow it to present third-quarter financial results to prospective investors. Anthropic’s annualized revenue run rate was above $65 billion by July, and the company’s ability to sustain that growth will be central to supporting the proposed valuation. The Wall Street Journal reported that Nvidia could invest as much as $10 billion in the offering, potentially providing a major anchor investor if discussions advance. The proposed listing comes amid intensifying competition with OpenAI. Reuters reported that Anthropic is considering accelerating the release of its next AI model after OpenAI’s latest system gained enterprise traction. A November listing could give Anthropic more time to build its financial case while it continues to compete for business customers and developer spending.