Anthropic banks prep investor meetings as IPO push gathers pace
CNBC reports Goldman Sachs, Morgan Stanley and JPMorgan Chase are working on a possible Anthropic listing that could come as soon as October.
By Sal Moretti · Money Reporter
3 min read
Anthropic is moving deeper into IPO mode, with bankers arranging meetings between the AI company’s executives and potential investors, CNBC reported, citing a person familiar with the plans.
The company behind the Claude family of AI models has not announced a listing date. The early meetings come after Anthropic confidentially filed its IPO paperwork with the Securities and Exchange Commission in June, according to CNBC.
Bloomberg, which CNBC said first reported the investor-meeting plans, reported that Anthropic could reach the public markets as soon as October. CNBC said that timing may still change. An Anthropic spokesperson declined to comment to CNBC.
Wall Street’s biggest names are in the mix
Goldman Sachs, Morgan Stanley and JPMorgan Chase are involved in the IPO planning, CNBC reported. The outlet described them as Wall Street’s three largest banks by revenue.
The meetings are a key step before a formal roadshow, when companies and their bankers pitch shares to investors ahead of a public offering. CNBC reported that bankers are now testing demand for what could become one of the most closely watched AI listings yet.
If Anthropic gets out first, it would reach the stock market ahead of OpenAI, its best-known private rival. CNBC reported that OpenAI also confidentially filed for an IPO with the SEC in June, but has not disclosed further details.
CNBC said a public debut by Anthropic would extend the momentum from SpaceX’s June IPO and could give public-market investors a direct way to buy into one of the companies at the center of the AI surge.
A sky-high valuation
Anthropic was valued at $965 billion in May after closing a $65 billion funding round, CNBC reported. That put the company above OpenAI’s $852 billion valuation for the first time, according to the outlet.
The company was founded in 2021 by executives and researchers who left OpenAI over concerns about that company’s direction, CNBC reported. Anthropic has since built a business selling AI tools to companies, helped by Claude Code, its coding assistant.
The broader AI boom has kept private companies flush with capital while delaying the day many of them face public investors. CNBC reported that the sector’s largest private players have raised hundreds of billions of dollars while staying off the stock market.
For the banks, the rush around AI has been good business. CNBC reported that Wall Street firms have seen profits rebound as investors look for ways to fund, invest in or hedge exposure to the AI buildout.
Anthropic has not publicly confirmed the size, structure or final timing of any offering. For now, the reported investor meetings signal that one of AI’s most valuable private companies is getting closer to testing the public market’s appetite.
This story draws on original reporting from CNBC.