Anthropic delays IPO launch

According to The Express Tribune, citing people familiar with the matter, Anthropic now plans to start marketing its IPO in mid-October at the earliest. The listing is targeted for completion a few days ahead of the November US midterm elections. Earlier, the artificial intelligence firm had been positioned to release its IPO prospectus as soon as next week.

The prospectus, which would have opened the final phase of the offering, is now not expected until late September, sources said. Those people added that the timetable and other plans could still change. Some investors have said the listing could reach $2 trillion, which would rank among the largest IPOs ever attempted.

Separately, Anthropic is working to close a $15 billion revolving credit facility, after which analysts at financing banks are set to meet the company. Schedule changes of this kind are common as firms respond to market conditions, regulatory reviews and other preparations.