Anthropic Adds Citigroup to Lead IPO Adviser Group
Anthropic PBC added Citigroup to its lead banking group as the AI firm prepares for a potential public listing as early as late August.
Anthropic PBC added Citigroup Inc. to its group of lead advisers for its upcoming initial public offering. Citigroup joins Morgan Stanley, Goldman Sachs Group Inc., and JPMorgan Chase & Co. in the top ranks of banks managing the listing process.
The artificial intelligence firm is considering filing for the IPO as early as the end of August, with a projected Wall Street debut this fall. Anthropic is on track to generate annualized revenue exceeding $65 billion, representing a sevenfold increase from the end of last year.
Both Anthropic and its competitor, OpenAI, have filed confidential paperwork to go public, though Anthropic is expected to list first.
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