Anthropic's IPO timeline reportedly shifted toward mid-October as investors weigh its financing, growth projections and a potential $2 trillion valuation.

This adds another market to its broad financial ecosystem.

A year ago Anthropic’s revolving credit facility was $2.5 billion. It is now being finalized at $15 billion, six times the size, and the company still has not published a prospectus. Morgan Stanley is lead arranger,

Anthropic adds a small firm to its IPO underwriters alongside major banks. Market cap below $1.25T at close on IPO day at 0.9% YES.

With the Labor Day holiday — and summer in the US — now officially over, the traditional push to the end of the year in the market for initial public offerings is on.

Anthropic may take the excitement of SpaceX's blockbuster IPO even further.

The tech giant made an early $8 billion investment in Anthropic, which was valued at over $74 billion as of the first quarter. Then, in April, it poured another $5 billion into Anthropic along with the promise of another $20 billion to come, provided Anthropic reaches "certain commercial milestones."

Rick Heitzmann, FirstMark founder, joins 'Closing Bell' to discuss AI IPO race, recent departures at OpenAI and much more.

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As Anthropic pursues an IPO, a departing researcher raises alarms about existential AI risks. Other employees are making similar statements.

Anthropic is expected to unveil its IPO prospectus soon, allowing investors to pore over its finances ahead of a listing that could value the five-year-old company at $2tn or more. OpenAI is expected to follow suit with an IPO next year.