Anthropic PBC has selected banks to lead its initial public offering, according to a Bloomberg report Wednesday. The artificial intelligence company, which makes the Claude chatbot, has chosen Morgan Stanley and Goldman Sachs Group Inc. to lead the offering. JPMorgan Chase & Co. will also work on the deal, the report said.
The company is considering going public as soon as October and has filed confidentially for a listing. Additional banks may join the group, the report added.
Anthropic received a valuation of $965 billion in its most recent funding round, making it one of the world's largest private companies. The valuation exceeded that of its key rival OpenAI for the first time.
The details of the offering may still change as discussions continue, the report added.
Several major private companies are preparing for public debuts this year. Elon Musk's SpaceX is set to list as soon as June 12, targeting a valuation of $1.8 trillion. SpaceX, whose Grok chatbot competes with Anthropic's Claude, also serves as one of Anthropic's major suppliers.
SpaceX's IPO filing revealed an agreement to provide Anthropic with AI computing capacity, including access to about 325,000 chips from Nvidia Corp., at a cost of $1.25 billion per month. The agreement runs through May 2029.
OpenAI has also held discussions with banks including Goldman Sachs, Morgan Stanley, Citigroup Inc. and JPMorgan about its upcoming listing, Bloomberg reported earlier. OpenAI CEO Sam Altman recently stated the company will file for an IPO when appropriate for the company.
source https://www.investing.com/news/stock-market-news/anthropic-said-to-pick-morgan-stanley-and-goldman-to-lead-ipo-4724948
