Goldman Sachs and Morgan Stanley Win Anthropic IPO Lead Roles
Anthropic tapped Goldman Sachs and Morgan Stanley as lead underwriters for its upcoming IPO, a high-stakes mandate carrying substantial fees and Wall Street prestige.
Anthropic, the artificial intelligence company backed by billions in investment from Amazon and Google, has selected Goldman Sachs and Morgan Stanley as lead underwriters for its anticipated initial public offering, according to a report from The New York Times. The mandate places two of Wall Street's most powerful banks at the center of what is expected to be one of the most closely watched technology listings in recent years.
The lead underwriter role — sometimes called a bookrunner — is among the most coveted assignments in investment banking. The firms chosen to anchor an IPO earn substantial underwriting fees, typically a percentage of total proceeds raised, while also cementing their reputations as go-to advisers for elite technology companies navigating the public markets.
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The selection caps an intense competition between Goldman and Morgan Stanley, two institutions that have long battled each other for dominance in technology IPO advisory work. Winning the Anthropic mandate reinforces both banks' standing at a moment when AI-related listings are generating exceptional investor interest across the financial industry.
Anthropic, founded in 2021 by former OpenAI executives including Dario Amodei, has grown into one of the most valuable private AI companies in the United States. Its Claude family of large language models competes directly with offerings from OpenAI, Google, and Meta, and the company has attracted significant enterprise adoption alongside its consumer-facing products.
No timeline for the offering has been publicly confirmed, and terms including valuation targets and share structure remain undisclosed. Continue reading at NYT > Business.
