The IPO filing is now expected in late September. (File Photo) Claude maker Anthropic is reportedly pushing back plans for its much-anticipated initial public offering (IPO), with the artificial intelligence company now expected to begin marketing the offering no earlier than mid-October, according to Reuters. The company was previously expected to make its IPO prospectus public as soon as next week. That schedule has now shifted, with the filing potentially coming toward the end of September, two people familiar with the matter told Reuters. They also stressed that the timetable has not been finalised and could change again. The revised schedule places Anthropic's potential stock-market debut among the most closely monitored technology offerings of the year. Investors are increasingly looking for ways to participate in the rapid expansion of AI, while private valuations across the sector continue to attract significant attention. According to Reuters, the company's current plan would see investor marketing begin in October, followed by a listing shortly before the US midterm elections in November. "Anthropic is expected to begin marketing its initial public offering in mid-October at the earliest and complete the listing days before the US midterm elections in November," the report said. A public listing on that timeline would give Anthropic an opportunity to tap investor demand at a time when AI remains one of the dominant themes in global technology markets. However, the eventual valuation will depend heavily on market conditions, investor appetite and the company's financial disclosures once the IPO process becomes public. Credit Facility Becomes Key Part Of IPO Preparation Alongside preparations for the offering, Anthropic is working to secure a substantial revolving credit facility. Reuters reported that the company is seeking to complete the financing arrangement as part of its preparations for going public. "The AI company is seeking to finalise over USD 10 billion revolving credit facility as part of its IPO process. “Anthropic is looking to finalise a USD 15 billion revolving credit facility, after which analysts, including those at banks involved in the financing, are ?expected to meet with the company, one of the people said," the report added. Reuters had earlier reported, citing Bloomberg, that Anthropic was considering increasing the size of the facility to USD 15 billion. The financing could provide the company with additional flexibility as it moves through the IPO process and prepares for life as a publicly traded business. Potential $2 Trillion Valuation Puts IPO In Spotlight Anthropic's offering could become a major event for the technology and capital markets sectors. Some market participants have speculated that the company could command a valuation approaching USD 2 trillion, although the eventual figure will only become clearer as the IPO process progresses. “It could come alongside potential listings from other AI companies, including OpenAI. Elon Musk's SpaceX (SPCX.O), opens new tab went public in June at a record USD 1.77 trillion valuation," Reuters said, adding "Morgan Stanley, ?Goldman Sachs, JPMorgan and Citi are among the banks working with Anthropic on the IPO." The scale of those potential valuations highlights the extraordinary investor interest surrounding leading AI businesses. A successful Anthropic listing could therefore serve as an important indicator of how public-market investors value companies whose growth is closely tied to artificial intelligence. Despite the latest expectations, Anthropic's timetable is not locked in. IPO preparations can be affected by regulatory processes, market volatility, investor conditions and internal decisions, meaning the company's filing and listing dates could move once again. Companies generally allow several weeks between analyst meetings and the public release of their IPO prospectus. Anthropic may have less time between those stages because analysts at participating financial institutions are already familiar with the company and its business.