News & Updates
The latest news and updates from companies in the WLTH portfolio.
Anthropic delays IPO launch to mid-October at earliest, Reuters reports By Investing.com
Investing.com -- Anthropic is now expected to begin marketing its initial public offering in mid-October at the earliest, Reuters reported exclusively on Friday, citing people familiar with the matter. The artificial intelligence company could complete the listing just days before the U.S. midterm elections in November. Anthropic had previously been expected to make its IPO prospectus public as early as next week, a key step toward launching the offering. Publication of the prospectus is now expected in late September, according to the report. The plans, including the timing of the offering, remain subject to change as the company works through preparations for the listing. The revised schedule pushes back what some investors have said could be a $2 trillion listing, potentially making it one of the largest IPOs ever attempted. The offering would also provide a major test of public-market investor appetite for companies benefiting from rapid growth in artificial intelligence. As part of its IPO preparations, Anthropic is seeking to finalize a $15 billion revolving credit facility. Analysts, including those at banks involved in the financing, are expected to meet with the company after the facility is completed. Companies typically leave several weeks between analyst meetings and publishing an IPO prospectus. Anthropic could operate on a tighter timetable as analysts involved in the process are already familiar with the company. Morgan Stanley (NYSE), Goldman Sachs (NYSE), JPMorgan Chase (NYSE) and Citigroup (NYSE) are among the banks working with Anthropic on the IPO. The potential listing comes as investors seek greater public-market exposure to major AI companies. OpenAI is also among the firms considering a potential listing, following SpaceX's record $1.77 trillion public-market debut in June. Anthropic declined to comment on its IPO plans.
Anthropic set to finalize $15 bln credit facility ahead of IPO - Bloomberg By Investing.com
Investing.com-- Anthropic is set to finalize an expansion of its revolving credit facility to $15 billion, clearing a key hurdle ahead of a highly anticipated initial public offering, Bloomberg News reported on Thursday, citing people familiar with the matter. Morgan Stanley (NYSE:MS) is leading the process, while Goldman Sachs (NYSE:GS), JPMorgan Chase (NYSE:JPM) and Citigroup (NYSE:C) also have prominent roles on the facility, according to the report. The four banks are also leading Anthropic's IPO. Get real-time updates on market-moving news with InvestingPro Barclays (LON:BARC) and Wells Fargo (NYSE:WFC) are expected to have key roles on the loan, while Bank of America (NYSE:BAC), Deutsche Bank (ETR:DBKGn), Royal Bank of Canada (BMV:RYN) and UBS (NYSE:UBS) are also high in the facility's lineup, Bloomberg reported. The credit line would be substantially larger than Anthropic's roughly $10 billion target and its $2.5 billion five-year facility secured last year. Anthropic is seeking to raise as much as SpaceX or more in its IPO, the report said. The Claude chatbot maker's annualized revenue has surpassed $65 billion, Bloomberg previously reported. Details of the credit facility could still change, the report added.
Nscale doubles contracted revenue to $103 billion after Anthropic win - report By Investing.com
Investing.com -- UK-based neocloud provider Nscale is informing prospective investors that its total contracted revenue has expanded to approximately $103 billion, bolstered by a landmark $45 billion computing deal with Anthropic, according to investor materials reviewed by The Information. The Nvidia-backed infrastructure firm could launch an initial public offering as soon as this month, utilizing the massive backlog to demonstrate sustained enterprise demand for specialized artificial intelligence compute capacity. Nscale had previously disclosed $51 billion in contracted revenue prior to finalizing the Anthropic agreement and landing additional commitments from other AI-native clients. While the signed lease contracts carry an average duration of 5.7 years, equating to an annualized average of roughly $18 billion, a person familiar with the discussions cautioned that the metrics are illustrative and not intended as formal revenue guidance. Beyond its long-term pipeline, internal documents reveal rapid sequential acceleration in Nscale's underlying business, with second-quarter revenue estimated to have topped $100 million. That figure marks a substantial increase from approximately $37 million recorded in the first quarter, notably without yet reflecting any financial contributions from the newly secured Anthropic contract. The sheer scale of the contract additions underscores how specialized neocloud providers are leveraging intense AI compute demand to carve out market share ahead of major market debuts. Against that backdrop, prospective public investors will likely scrutinize how efficiently Nscale can convert its expanding illustrative backlog into realized, high-margin revenue over time.
Anthropic signs $35 billion cloud deal with Nvidia-backed Lambda, source says By Reuters
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