Anthropic is expected to raise a revolving credit facility larger than its roughly $10 billion target as the artificial intelligence company prepares for a closely watched IPO. The expanded financing has drawn strong interest from banks seeking to improve their position in the listing, according to people familiar with the matter. Anthropic, the developer of Claude, has asked the banks leading the facility and participating most actively to provide about $1.25 billion each, while a second tier of active banks has been encouraged to commit about $1 billion and less involved participants around $750 million or lower. Anthropic confidentially filed for a U.S. initial public offering in June, and Reuters reported on Friday that the company is projecting 2028 revenue of roughly $190 billion to $200 billion. Its annual revenue run rate topped $65 billion by the end of July.