Key facts
- AI startup Anthropic is preparing for a potential initial public offering.
- Wall Street banks have begun arranging meetings with institutional investors.
- The company is reportedly targeting a public debut as early as October.
- Anthropic was valued at approximately $965 billion in its last funding round.
- OpenAI has also confidentially filed IPO paperwork.
The artificial intelligence lab Anthropic is reportedly taking significant steps toward a potential mega-initial public offering, with plans potentially targeting a debut as early as October. Investment banks, including Goldman Sachs, Morgan Stanley, and JPMorgan Chase, have begun arranging meetings with institutional investors to gauge demand and assess valuation expectations.
These discussions are a crucial part of the IPO process before a formal roadshow and share sale. Anthropic had previously filed its registration paperwork confidentially with the U.S. Securities and Exchange Commission last month. The company, founded in 2021 by former OpenAI executives, has rapidly become a leading AI developer, known for its Claude Code assistant.
Anthropic's valuation reached approximately $965 billion in a May funding round, surpassing OpenAI's reported valuation. The AI sector has seen unprecedented investment, with many major players remaining privately held. OpenAI has also confidentially filed IPO paperwork, indicating a potential race to the public markets between the two leading AI firms.