Anthropic’s planned IPO is drawing increased scrutiny after leaked financial figures attributed to @laurashin reportedly indicated $8 billion in operating losses and a $42 billion net loss in 2025 alongside a proposed valuation near $2 trillion. The AI lab, which competes closely with OpenAI, was privately valued at $965 billion in May 2026, while market pricing assigns a lower probability to its exceeding a $1.25 trillion market capitalization at the IPO close. Anthropic confidentially filed on June 1 and is reportedly targeting a November debut, although no final timeline or pricing range has been provided. The potential listing comes as private funding allows major AI companies to delay public offerings and as higher Treasury yields, valuation scrutiny and weaker U.S. IPO demand pressure growth-company valuations.