Two Exit Doors: Anthropic’s $2 Trillion Pitch Starts Oct. 14. The Public Prospectus Comes Later.

Anthropic is asking investors to hear a $2 trillion pitch before the public sees a single page of the prospectus. Invitations have gone out for a pre-IPO gathering at the company’s San Francisco headquarters on October 14, at a valuation prospective buyers have pegged between $1.8 trillion and $2 trillion, roughly twice the $965 billion post-money mark the company set at its Series H in May. When this filing was last tracked on October 4, the story was an empty page on EDGAR . The invitations move it. The sell is starting while the numbers are still confidential.

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