Anthropic will reportedly list days before the US midterm elections
Anthropic’s stock market debut has moved, and the new date puts it days away from a national election.
Reuters reported on Friday that the company expects to start marketing its offering in mid-October at the earliest. The listing would then complete shortly before the US midterms in November. Echo Wang had the story from people familiar with the matter.
The prospectus is the piece everyone was waiting for. Bankers had pencilled it in for as early as this coming week. Two of Reuters’ sources now put it in late September. Everyone cautioned that the plans, including the timing, could change again.
The $15bn facility is the gate
The delay is not a market wobble. It is a sequence.
Anthropic is trying to finalise a $15bn revolving credit facility. Only after that do analysts meet the company, including analysts at the banks providing the financing. Firms usually leave a few weeks...
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