The IPO start date for Anthropic has been pushed back to the middle of October, according to various sources

Anthropic is anticipated to start promoting its initial public offering in mid-October at the earliest and finalize the listing just days before the U.S. midterm elections in November, according to sources familiar with the situation as of Friday.

The artificial intelligence company was anticipated to release its IPO prospectus as soon as next week, according to two sources, marking a vital step that would initiate the final phases of the offering. Now that is not anticipated until late September, the individuals noted, warning that the plans, including the schedule, are liable to alteration.

The shift delays what some investors have suggested could be a $2 trillion listing, marking one of the largest IPOs ever attempted and serving as a significant test of public-market interest in the rapidly expanding artificial intelligence sector.

Companies often modify their IPO timelines as they navigate market conditions, regulatory assessments, and other necessary preparations, making such adjustments quite common.

As part of the IPO process, Anthropic is aiming to finalize a $15 billion revolving credit facility. Following this step, analysts, including those from the banks involved in the financing, are anticipated to meet with the company, according to one source. Bloomberg News previously reported that Anthropic was in discussions to increase the facility to $15 billion.


Companies usually allow a few weeks between analyst meetings and the public release of the IPO prospectus; however, Anthropic is anticipated to have a shorter timeframe, as analysts are already familiar with the company, according to the source.


The offering is anticipated to be among the most eagerly awaited IPOs, as investors seek opportunities in public markets to gain exposure to the swiftly expanding artificial intelligence sector. It may arrive in conjunction with possible listings from other AI firms, such as OpenAI. Elon Musk's SpaceX (SPCX.O) went public in June, achieving a remarkable valuation of $1.77 trillion.
Morgan Stanley, Goldman Sachs, JPMorgan, and Citi are collaborating with Anthropic on the IPO, as reported by sources familiar with the situation.
The banks chose not to provide a statement.