Anthropic Delays IPO Roadshow to October, Targeting Record $2 Trillion Valuation
Anthropic has reportedly adjusted its IPO timeline, pushing its public filing to late September and its investor roadshow to mid-October. The AI company aims to complete its listing before the U.S. midterm elections, targeting a record $2 trillion valuation and raising up to $100 billion. If realized, this listing would be one of the largest IPOs in history, setting a landmark valuation benchmark for the generative AI sector. Furthermore, Anthropic's positive adjusted operating profit signals rare financial viability among frontier AI model developers. Anthropic is finalizing an expanded $15 billion revolving credit facility led by Morgan Stanley, Goldman Sachs, JPMorgan, and Citi, which will also serve as lead underwriters. Financially, the company achieved over $65 billion in annualized revenue and $11.5 billion in second-quarter revenue, up from $787 million in the same period last year.
## BACKGROUND
An Initial Public Offering (IPO) requires companies to publicly file their prospectus with regulators at least 15 days before embarking on investor roadshows. Securing a large revolving credit facility prior to listing helps establish enterprise liquidity and solidifies underwriting relationships with major investment banks.