Anthropic is scheduling meetings between prospective investors and company executives ahead of a potential initial public offering later this year, according to a person with knowledge of the plans who spoke to CNBC1.
Goldman Sachs, Morgan Stanley, and JPMorgan Chase — described as Wall Street's three biggest banks by revenue — are involved in the offering. The meetings signal that Anthropic's IPO preparations are progressing, as bankers begin sounding out investor demand before a formal roadshow and eventual share sale.
Anthropic confidentially filed its IPO prospectus with the Securities and Exchange Commission last month. The company was last valued at $965 billion.
A listing would put Anthropic ahead of rival OpenAI in reaching public markets, according to CNBC, and would build on the momentum from SpaceX's June IPO. Bloomberg separately reported that Anthropic is planning IPO investor meetings as a mega-listing nears3.
In a separate report, Business Insider reported that Anthropic will pay $600,000 for someone to shape its IPO narrative, describing the task as "tricky"2.
ANALYSIS The involvement of all three top-tier Wall Street banks and the progression from confidential SEC filing to active investor outreach indicate that Anthropic's path to public markets is moving beyond preliminary stages. ANALYSIS The scale of the anticipated listing — implied by the $965 billion private valuation — would make it one of the largest technology IPOs if it proceeds at or near that level. ANALYSIS The reported $600,000 expenditure on IPO messaging suggests the company recognizes the complexity of presenting its business model and risk profile to public-market investors, particularly as an AI foundation-model company with the structural challenges that entails.