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Anthropic IPO Expected Near November US Midterms After One-Month Delay
Technology Services · Internet Software/Services · yonhap_finance · 2026-09-05
AI firm Anthropic has pushed back its IPO timeline to just before the November US midterm elections, aiming to secure a market lead over rival OpenAI.
What Happened
IPO Timeline Shift: The initial public offering for AI company Anthropic is now expected to conclude just before the November US midterm elections following a one-month delay. The release of the investment prospectus has been pushed to late September, with marketing efforts slated for mid-October.
Financials and Funding: Anthropic is currently negotiating a $15 billion revolving credit facility as part of its pre-listing preparations. Investors are optimistic about the company's valuation, which could reach $2 trillion, as the firm works closely with banking analysts to expedite the process.
Performance Metrics: As of July, Anthropic reported an annualized revenue exceeding $65 billion, surpassing rival OpenAI, and achieved its first quarterly profit. The company has provided investors with ambitious growth projections, targeting up to $200 billion in revenue by 2028.
Competitive Landscape: By moving forward with this timeline, Anthropic is positioned to enter the public market ahead of OpenAI, which is targeting an IPO next year. Major financial institutions including Morgan Stanley and Goldman Sachs are serving as underwriters for the offering.