Anthropic Moves Closer to IPO as Investor Meetings Signal Listing Momentum

Anthropic has begun holding meetings with prospective investors as preparations for a potential initial public offering gather pace. According to a person familiar with the process, the company's investment bankers are arranging discussions between institutional investors and Anthropic executives to gauge market interest before launching a formal IPO roadshow.

The investor outreach marks another significant step in the company's listing process after Anthropic confidentially filed its IPO registration with the U.S. Securities and Exchange Commission last month. While the company has not announced an official listing date, reports suggest it could enter the public markets as early as October, although the timetable remains subject to change.

A successful IPO would further strengthen momentum in the market for artificial intelligence companies following SpaceX's blockbuster public listing earlier this year. It would also represent one of the first opportunities for public investors to gain direct exposure to a leading generative AI developer after years in which the sector's largest companies remained privately funded.

Anthropic could also reach the public markets ahead of its largest rival, OpenAI, which also confidentially submitted IPO paperwork in June but has yet to provide further details about its listing plans. Going public earlier could prove advantageous if investor enthusiasm for artificial intelligence moderates over time.

Founded in 2021 by former OpenAI executives and researchers, Anthropic has established itself as one of the leading AI developers, particularly within the enterprise market. Its Claude family of AI models, including the widely adopted Claude Code coding assistant, has helped the company gain significant traction among business customers.

The company's rapid growth has also been reflected in its valuation. In May, Anthropic completed a funding round that valued the company at approximately $965 billion, surpassing OpenAI's reported valuation of $852 billion for the first time. The fundraising underscored investors' strong confidence in Anthropic's long-term commercial prospects.

Three of Wall Street's largest investment banks—Goldman Sachs, Morgan Stanley and JPMorgan Chase—are advising on the IPO preparations. The transaction is expected to become another major milestone in the AI investment cycle, which has generated significant business for financial institutions as companies and investors continue to seek opportunities tied to the rapid expansion of artificial intelligence infrastructure and applications.