Valued at $2 trillion! Anthropic may become the biggest IPO in history. It will launch a roadshow in October and be listed before the November midterm elections

The Zhitong Finance App learned that, according to people familiar with the matter, Anthropic is expected to start promoting an IPO as early as mid-October and complete the listing a few days before the November US midterm elections.

Two people familiar with the matter said that the artificial intelligence company was expected to release its IPO prospectus as early as next week, which is a key step in starting the final stage of this offering. People familiar with the matter added that the current prospectus is not expected to be made public until late September, while reminding that various plans, including the exact timing, are still subject to change.

This adjustment delayed what some investors thought might reach a $2 trillion listing plan. This will be one of the largest IPOs in history, and a major test of the open market's appetite for the rapidly growing artificial intelligence industry.

Companies often adjust their IPO schedules as they assess market conditions, regulatory reviews, and other preparations, so such changes are not uncommon.

One of the people familiar with the matter said that as part of the IPO process, Anthropic is seeking to finalize a $150 billion revolving credit facility, after which analysts, including bank analysts involved in the financing, are expected to meet with the company. The media previously reported that Anthropic is in talks to extend this credit line to $150 billion.

The person familiar with the matter said that the company usually allows a few weeks between an analyst meeting and an open IPO prospectus, but Anthropic's window is expected to be tighter because analysts already know the company very well.

This offering is expected to be one of the most anticipated IPOs as investors look to the rapidly growing AI industry through an open market layout. It is likely to move in sync with potential listings for other AI companies, including OpenAI. Elon Musk's SpaceX went public in June and reached a record valuation of $1.77 trillion.

According to people familiar with the matter, banks such as Morgan Stanley, Goldman Sachs, J.P. Morgan Chase, and Citibank are cooperating with Anthropic to advance this IPO.