Anthropic's path to public markets gained momentum with traders now pricing in 50¢ odds for an IPO announcement before October 1st, up dramatically from 21¢. According to the FT, Anthropic has engaged Wilson Sonsini, a law firm with deep tech IPO experience, and has held preliminary conversations with investment banks. Anthropic is asking investors to submit allocations for the AI company's latest fundraise within the next 48 hours, with the round expected to be roughly $50 billion and targeting a valuation of about $900 billion. The market momentum reflects growing confidence that Anthropic, which is on the path to go public alongside OpenAI, could capitalize on the hundreds of billions of dollars being spent by Amazon, Google, Microsoft and Meta to compete for data centers to power AI. With mounting speculation about a 2026 debut, traders are betting Anthropic will beat OpenAI to the public markets.