Anthropic plans to release its initial public offering prospectus in late September before beginning marketing for the deal in mid-October. The listing may be completed just days before the U.S. midterm elections in November, following a schedule shift from previous expectations to file the paperwork next week.

The offering could value the Claude AI developer at $2 trillion, making it one of the largest IPOs ever attempted. The prospect of the listing has pressured other companies to accelerate their own market entries to capture investor attention before the AI firm's public filing becomes the primary focus.