CoinMeta data: The valuation of IPO has doubled, with its post-financing valuation at the time of the H-series financing four months ago being 965 billion US dollars. The latest leaked prospectus shows that Anthropic plans to conduct a IPO in November, with a target valuation of 2 trillion US dollars. Although its audit revenue for 2025 was only 4.6 billion US dollars, Anthropic claims that its “operating rate” in May 2026 had reached 47 billion US dollars, and it is expected to continue this growth in the next 12 months. The company also faces a net loss of 42 billion US dollars due to high infrastructure costs. If this IPO is successful, it will become the largest in history, surpassing the 85.7 billion US dollar financing of SpaceX.