Anthropic Targets October IPO as Banks Schedule Meetings
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- Anthropic is scheduling investor meetings ahead of a potential IPO, with Goldman Sachs, Morgan Stanley and JPMorgan Chase — Wall Street's three biggest banks by revenue — leading the offering.
- Anthropic could hit public markets as soon as October, having confidentially filed its IPO prospectus with the SEC last month.
- The company was last valued at $965 billion after a $65 billion funding round in May, surpassing OpenAI's $852 billion valuation, and an Anthropic listing would beat OpenAI to public markets.
- The IPO would build on momentum from SpaceX's blockbuster June offering, further opening public markets to companies at the center of the AI boom.
- Anthropic was founded in 2021 by executives and researchers who defected from OpenAI, and has found early enterprise traction through its Claude Code coding assistant.
- The AI spending boom has fueled a resurgence in profit for Wall Street banks like Morgan Stanley as they seek to satisfy investors funding the AI buildout.
Why it matters: Beating OpenAI to public markets gives Anthropic first-mover positioning among mega-cap AI pure-plays, a flip from May when it first surpassed OpenAI's $852B valuation at $965B. For the lead banks, this continues the AI-driven IPO pipeline that is replenishing Wall Street advisory revenue after years of thin tech listings.
