Anthropic is preparing to delay the timeline for its highly anticipated initial public offering (IPO), according to people familiar with the matter.

The artificial intelligence company could begin marketing the offering as early as mid-October. It could then complete the listing shortly before the US midterm elections in November.

However, the timeline remains subject to change.

Two people familiar with the plans said Anthropic had previously expected to make its IPO prospectus public as early as next week. The company now expects that step to take place in late September.

Focus Keyword: Anthropic IPO

Anthropic Pushes Back IPO Plans

The delay could push back one of the most closely watched technology listings in recent years.

Some investors have estimated that Anthropic could seek a valuation of around $2 trillion. Such a listing would rank among the largest IPOs ever attempted.

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The offering could also provide an important test of investor demand for fast-growing artificial intelligence companies.

Companies often adjust IPO schedules as they respond to market conditions, regulatory reviews and other preparations. Anthropic’s revised timeline therefore does not necessarily signal a change in its broader listing plans.

AI Company Prepares $15 Billion Credit Facility

Anthropic is also working to finalise a $15 billion revolving credit facility as part of its preparations for the IPO.

Analysts from banks involved in the financing are expected to meet with the company after the facility reaches completion, according to one of the people familiar with the matter.

Bloomberg previously reported that Anthropic was discussing an expansion of the credit facility to $15 billion.

Companies usually allow several weeks between analyst meetings and the release of an IPO prospectus. Anthropic could move faster because analysts already have substantial knowledge of the company, according to the source.

Anthropic declined to comment on the reported plans.

Investors Watch AI IPO Market Closely

The Anthropic IPO could become one of the most closely followed public offerings in the technology sector.

Investors are looking for ways to gain direct exposure to the rapid growth of artificial intelligence. The potential listing could also coincide with other major AI offerings.

OpenAI has emerged as another possible candidate for a future public listing.

SpaceX, meanwhile, went public in June at a reported $1.77 trillion valuation, setting a major benchmark for technology-sector IPOs.

The scale of these potential offerings highlights the growing investor interest in companies linked to artificial intelligence, space technology and other high-growth sectors.

Major Banks Join Anthropic IPO Team

Several major investment banks are working with Anthropic on its potential listing.

Morgan Stanley, Goldman Sachs, JPMorgan and Citi are among the banks involved, according to people familiar with the matter.

The banks could play a key role in preparing Anthropic for investor meetings, regulatory filings and the eventual market debut.

For Anthropic, the coming weeks could prove crucial as it moves closer to becoming a publicly traded company.

If the current timeline holds, investors could receive a clearer picture of the company’s financial position and growth plans when the IPO prospectus becomes public.