Anthropic plans November IPO after October expectations

  • Anthropic plans to stage its initial public offering in November.
  • October had been viewed as the expected timing for a record-breaking offering.
  • Advisers cite third-quarter financials and OpenAI’s September launch of Astra.

Anthropic plans to stage its initial public offering (IPO), or first public sale of shares, in November, later than many investors expected. The AI company had been expected to pursue a record-breaking offering in October, according to people familiar with the matter. Some advisers believe waiting would allow Anthropic to release third-quarter financial results showing a strong competitive position, even after rival OpenAI launched its newest model, Astra, in September. The timing comes as leaders of the largest companies competing in artificial intelligence call for a slowdown in technology development.

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