Anthropic delays IPO launch

Anthropic’s potential public debut is slipping, with the artificial intelligence company now expected to begin marketing its initial public offering in mid-October at the earliest. The listing could take place days before the US midterm elections in November, people familiar with the matter said.

The company had been expected to make its IPO prospectus public as early as next week. That document is now not expected until late September, delaying a key step in the final stages of the offering. The people cautioned that both the timing and the broader plans could still change.

The delay pushes back what some investors have suggested could become a $2 trillion listing. Such a deal would rank among the largest IPOs ever attempted and serve as a major test of public-market appetite for the rapidly expanding artificial intelligence industry.

Anthropic is also seeking to finalize a $15 billion revolving credit facility. After that process, analysts, including those at banks involved in the financing, are expected to meet with the company. Companies often revise IPO schedules while addressing market conditions, regulatory reviews and other preparations.