According to people familiar with the matter, Anthropic is in talks with several banks to arrange credit lines of hundreds of millions of dollars. This move will increase the amount of capital the company can use before it plans to conduct an initial public offering this year. The new loan will be based on a $2.5 billion five-year revolving credit line Anthropic received from banks last year. Companies usually expand such financing amounts before an initial public offering, and many banks involved in providing credit also act as underwriters for this offering. For example, SpaceX increased credit lines with a number of IPO underwriting banks about a month before its June public listing. This credit arrangement is one of a series of steps Anthropic has taken to prepare for the listing. According to sources close to the deal, the IPO may be held as early as September of this year, but Anthropic has yet to officially set a time and may choose to postpone it. Relevant sources said that Anthropic may seek a valuation of $1 trillion or higher in its IPO.

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