AI BriefingAnthropic Moves Closer to Mega IPO as Investment Banks Push Investor Meetings
Key point
Anthropic is pursuing an IPO this October, having surpassed OpenAI with a $96.5 billion valuation.
Details
Anthropic is ramping up investor meetings with a target of listing via IPO this October. Goldman Sachs, Morgan Stanley, and JPMorgan Chase, three of Wall Street's top investment banks, are participating as underwriters for the offering, and the company has already filed a confidential application with the SEC.
Last May, Anthropic was valued at $96.5 billion through a $6.5 billion funding round, surpassing OpenAI's $85.2 billion for the first time. Founded in 2021 by former OpenAI employees who departed the company, Anthropic has successfully secured enterprise customers with popular products like Claude Code.
If Anthropic goes public before OpenAI, it is expected to carry forward the market boom created by SpaceX's major IPO last June. The AI boom has already significantly increased profits at Wall Street investment banks.
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