Anthropic has picked Morgan Stanley and Goldman Sachs as lead underwriters for its initial public offering, aiming to list in October 2024. The AI company's move toward a public debut comes as investor appetite for artificial-intelligence startups remains strong.
The Lead Underwriters
Morgan Stanley and Goldman Sachs will steer the listing process, a role that typically includes pricing the shares, building investor demand, and advising on regulatory filings. Both banks have deep experience in tech IPOs, having handled some of the largest offerings in recent years. Anthropic had not previously disclosed its underwriting team.
Targeting October 2024
The company is aiming for an October 2024 listing, according to people familiar with the matter. That timeline would put the offering later this year, though underwriting and market conditions could shift the date. October is a busy month for IPOs, but the window can close quickly if volatility picks up.
Anthropic has not yet filed a public registration statement with regulators. The selection of underwriters is a key early step that signals the company is moving toward a formal process. Typically, after underwriters are chosen, the company will begin preparing its S-1 filing, which lays out financial details and risk factors.
The company is known for developing large language models and safety-focused AI systems. It has raised billions from investors including Google and Spark Capital. A public listing would give retail investors a chance to own a piece of one of the highest-profile AI startups outside of OpenAI.
Neither Anthropic, Morgan Stanley, nor Goldman Sachs have commented publicly on the IPO plans. The offering's size and valuation range are still unknown.
