Anthropic said to be shifting IPO launch to mid-October
The shift pushes back what some investors say could be a US$2 trillion listing, a major test of public-market appetite for the rapidly growing AI industry.
Anthropic, an artificial intelligence company, is expected to delay the launch of its initial public offering (IPO) until mid-October at the earliest. The company's IPO prospectus, which was initially expected to be made public as early as next week, will now be released in late September. This shift pushes back the highly anticipated IPO, which could be one of the largest ever attempted, from the US midterm elections in November.
The delay is subject to change, as companies often adjust their IPO schedules based on market conditions and regulatory reviews. Anthropic is looking to finalize a $15 billion revolving credit facility as part of the IPO process, after which analysts from involved banks are expected to meet with the company. Morgan Stanley, Goldman Sachs, JPMorgan, and Citi are among the banks working with Anthropic on the IPO.
The offering is anticipated to generate significant investor interest due to the rapidly growing artificial intelligence industry.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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