Private Markets: Anthropic to meet with investors as IPO nears

Two high-profile tech listings are moving closer to market, with Anthropic and data center operator Switch each reported to be advancing plans for multibillion dollar IPOs. This week's private company news: Anthropic is seeking to meet with investors ahead of its potential IPO and banks leading the offering are scheduling meetings in the coming weeks, people familiar with the matter told Bloomberg's Bailey Lipschultz. The Claude chatbot maker is considering an initial public offering as soon as in October, Bloomberg has reported. Data center operator Switch has tapped investment banks for an IPO that could raise up to $10B as soon as the fourth quarter and value the company at nearly $80B, including debt, Reuters' Echo Wang and Milana Vinn report, citing two people familiar with the matter. Goldman Sachs (GS) and JPMorgan (JPM) have been hired as lead underwriters for the offering, the authors note. Anthropic is in discussions with lenders to arrange credit lines worth several billions of dollars in a move that would boost its access to funds ahead of a planned IPO this year, The Information's Valida Pau reports, citing people familiar with the matter. The new credit lines would.