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Anthropic Nears Mega IPO As Bankers Line Up Investors

Prime Highlights- 

  • Anthropic IPO moves closer as bankers lead biggest AI listing this year.  
  • Anthropic beats OpenAI in race to public markets with IPO plans.  

Key Facts- 

  • Goldman Sachs, Morgan Stanley, JPMorgan Chase lead Anthropic’s blockbuster IPO offering.  
  • Anthropic valuation hits record $965 billion, surpassing OpenAI for first time. 

Background- 

Anthropic is scheduling meetings with prospective investors ahead of a potential initial public offering later this year, according to a person familiar with the plans. Bankers leading the offering are arranging discussions between investors and executives of the artificial intelligence company behind the Claude models.

The meetings signal that Anthropic’s IPO preparations are moving forward, with bankers gauging investor demand ahead of a formal roadshow and eventual share sale.

Anthropic confidentially filed its IPO prospectus with the Securities and Exchange Commission last month but has not disclosed a specific debut date. The company could reach public markets as soon as October, though the timeline remains subject to change.

Goldman Sachs, Morgan Stanley and JPMorgan Chase, the three largest Wall Street banks by revenue, are leading the offering. An Anthropic listing would build on the momentum from SpaceX’s blockbuster IPO in June and further open public markets to companies at the center of the artificial intelligence boom.

The move would also put Anthropic ahead of rival OpenAI in reaching public markets, positioning the company favourably as competition in the sector intensifies.

A group of executives and researchers who parted ways with OpenAI over disagreements on the company’s direction founded Anthropic in 2021. The company has since built strong momentum with enterprise customers, driven largely by its coding assistant, Claude Code.

In May, Anthropic closed a $65 billion funding round that valued the company at $965 billion, placing it above OpenAI’s $852 billion valuation for the first time. OpenAI also confidentially filed for an IPO with the SEC in June but has not disclosed further details of its plans.