Anthropic Nears Syndicate Appointments and $15 Billion Credit Facility Ahead of Potential $2T+ IPO

Anthropic is finalizing its banking syndicate for a blockbuster public offering, with Morgan Stanley positioned for the lead-left underwriting role, Goldman Sachs as stabilization agent, and JPMorgan, Citigroup, and Barclays filling major co-manager roles. Alongside the IPO prep, the company is securing a massive $15 billion revolving credit facility led by Morgan Stanley to back its aggressive infrastructure expansion.
With a public filing potentially arriving as soon as next week, bankers and institutional investors are eyeing a valuation of $2 trillion or more, fueled by an annualized revenue run rate that surpassed $65 billion in July. Management is targeting a late September roadshow leading into a late September or early October trading debut, which would challenge SpaceX's record-setting public listing.