Anthropic Names Goldman Sachs and Morgan Stanley for IPO
Anthropic appointed Goldman Sachs and Morgan Stanley as lead underwriters for its upcoming initial public offering, expected to be one of the largest in history.
Anthropic named Goldman Sachs and Morgan Stanley as lead underwriters for its upcoming initial public offering, which is expected to be one of the largest in history. Goldman Sachs secured the lead left position on the prospectus, while Morgan Stanley will act as the stabilization agent to ensure smooth trading during the first day of market activity.
The appointment comes as both banks compete for dominance in Silicon Valley deal-making, with both reporting significant revenue and profit growth fueled by the artificial intelligence boom. The success of the Anthropic offering is viewed as a bellwether for other companies considering public listings amid rising interest rates and investor concerns regarding AI spending.
Other major tech financing deals are currently underway involving the two firms. Goldman Sachs is the sole bank managing a $40 billion debt deal for the AI build-out of Space Exploration Technologies Corp. Meanwhile, Morgan Stanley is leading an effort for Meta to raise up to $98 billion in stock.
