According to Reuters, citing sources familiar with the matter, Anthropic, the artificial intelligence company, is adjusting its initial public offering (IPO) plan, with the roadshow now expected to start in mid-October and the listing targeted before the U.S. midterm elections in November. The company had originally planned to file its IPO prospectus as early as next week, but the release has been pushed back to late September. If the latest timeline is followed, Anthropic's valuation could reach approximately $2 trillion, making it one of the largest IPOs in history. Concurrently, Anthropic is working on securing a $15 billion revolving credit facility, with bank analysts set to meet with the company before the prospectus is published. The IPO is being prepared by major banks including Morgan Stanley, Goldman Sachs, JPMorgan Chase, and Citigroup. The listing is expected to attract significant market attention and could run alongside potential IPO plans from other AI companies, such as OpenAI.
Anthropic, the artificial intelligence company, is pushing back its initial public offering (IPO) schedule, according to people familiar with the matter cited by Reuters. The company now expects to kick off its roadshow as early as mid-October and wants the listing done before the U.S. midterm elections in November.
It had first expected to publicly file its IPO prospectus as early as next week. But that filing is now seen slipping to late September. Under this revised schedule, the company's valuation could climb to about $2 trillion, which would put it in line to become one of the biggest IPOs ever.
At the same time, Anthropic is trying to line up a $15 billion revolving credit facility. Bank analysts working on the financing are expected to meet with the company before the prospectus comes out. Morgan Stanley, Goldman Sachs, JPMorgan Chase, and Citigroup are among the institutions now involved in the IPO prep.
The listing is expected to draw heavy market attention. And it could arrive alongside possible IPO moves from other AI companies, including OpenAI, which may also be edging toward a public offering around the same time.
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