Anthropic IPO Marketing Slips to Mid-October, Days Before Midterms
TL;DR
- Anthropic will begin marketing its IPO in mid-October at the earliest and complete the listing days before November's US midterm elections.
- The IPO prospectus, previously expected as early as next week, is now not expected until late September.
- Anthropic is finalizing a $15 billion revolving credit facility, with Morgan Stanley, Goldman Sachs, JPMorgan and Citi among the banks on the deal.
Anthropic will begin marketing its IPO in mid-October at the earliest, Reuters reported citing people familiar with the matter, and complete the listing "days before the U.S. midterm elections in November."
The prospectus had been expected to go public as early as next week. It is now not expected until late September.
Before that filing, the company "is looking to finalize a $15 billion revolving credit facility." Morgan Stanley, Goldman Sachs, JPMorgan and Citi are among the banks working with Anthropic on the IPO.
"The shift pushes back what some investors have said could be a $2 trillion listing, one of the largest IPOs ever attempted." Anthropic declined to comment. The reporting rests on unnamed sources and single-outlet sourcing; the $2T figure is what investors have floated, not a set price.
Anthropic's capital plumbing has been a running thread in our funding coverage this quarter, alongside a same-day report that Nscale is seeking $3.5B in pre-IPO financing with Nvidia participating.
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Originally reported by reuters.com
Read the original article →Original headline: Reuters: Anthropic IPO Launch Slips to Mid-October, Days Before US Midterm Elections