Morgan Stanley and Goldman Sachs Land Anthropic IPO

Anthropic has selected Morgan Stanley and Goldman Sachs to lead its initial public offering (IPO), with JPMorganChase also involved in the deal, Bloomberg reported Wednesday (June 3), citing unnamed sources.

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    The report said that more banks could be added, the IPO could be launched as soon as October, and the details of the offer could change. The AI company and the three banks declined to comment on the report, according to Bloomberg.

    Anthropic announced Monday (June 1) that it confidentially filed for an IPO by submitting a draft registration statement to the Securities and Exchange Commission (SEC).

    “This gives us the option to go public after the SEC completes its review,” the company said in its announcement. “The proposed initial public offering will depend on market conditions and other factors.”

    Four days earlier, on Thursday (May 27), Anthropic said it raised $65 billion in a Series H funding round that valued the company at $965 billion post-money. The round included previously committed investments of $15 billion from hyperscalers, including $5 billion from Amazon, the company said.

    That valuation was up from the $380 billion valuation it achieved in a February Series G funding round in which it raised $30 billion, and the $183 billion valuation it secured in a September Series F round in which it raised $13 billion.

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    It was reported May 20 that rival AI company OpenAI is working with Goldman Sachs and Morgan Stanley on a draft IPO prospectus and is targeting a public debut as early as September.

    OpenAI was valued at $852 billion in its most recent funding round. CEO Sam Altman has pushed for a listing, but Chief Financial Officer Sarah Friar has privately told company leaders the firm may need more time, according to the May 20 report.

    SpaceX, which acquired xAI in February, filed a registration statement for an IPO on May 20 and proposed that the coming AI economy will not be won primarily through software, but through ownership of infrastructure. In SpaceX’s vision, the defining assets are energy systems, communications networks, orbital capacity, semiconductor supply chains and sovereign control over data transmission itself.