AI startup Anthropic is reportedly preparing for an October IPO, with sources indicating a potential valuation of $2 trillion. The company is also seeking a $15 billion revolving credit facility as part of its pre-IPO financing efforts.
Anthropic's potential $2 trillion IPO could be one of the largest in recent history, signaling significant investor appetite for AI companies and potentially setting a new benchmark for tech valuations.
Anthropic, an AI startup backed by Elon Musk, is reportedly gearing up for its initial public offering (IPO) in October, with sources suggesting a potential valuation of $2 trillion. The company aims to begin marketing itself to investors as early as mid-October, potentially preceding the U.S. midterm elections.
The IPO prospectus filing, initially expected next week, has been postponed to late September, though the schedule remains subject to change. Investors are eyeing a valuation range of approximately $2 trillion, which would position this offering among the largest globally.
In parallel, Anthropic is working to secure a $15 billion revolving credit facility as part of its pre-IPO financing efforts. This move follows earlier reports of the company considering an upgrade to this facility. Analysts are expected to meet with the company following the financing, a common step weeks before a prospectus is made public.
Anthropic's IPO plans emerge as other major AI companies, including OpenAI, are also rumored to be considering public listings. The market is closely watching which AI firm will go public first. The recent $1.77 trillion IPO of SpaceX, also founded by Elon Musk, serves as a recent benchmark for large tech debuts.