Anthropic IPO to debut on Nasdaq with JPMorgan retail push
Anthropic is preparing a Nasdaq debut that could rival or exceed SpaceX's record-setting $86.2 billion offering. Marketing for the IPO is set to start as early as Tuesday, with pricing and the share debut slated for before the U.S. Thanksgiving holiday, Bloomberg reports.
A live-streamed discussion between Anthropic co-founder Dario Amodei and JPMorgan CEO Jamie Dimon is scheduled for Friday around lunchtime in New York. The event is described as similar to, but less extravagant than, the June chat with Elon Musk for SpaceX's listing.
JPMorgan, one of 22 banks working on the deal, leads domestic retail marketing and share allocations. The bank is handling a retail offering that could represent 15 % to 20 % of the total shares. Citigroup is coordinating the international retail component, covering the UK, parts of Europe, Canada, Japan and Australia.
Goldman Sachs holds the lead-left underwriting role, while Morgan Stanley will act as the stabilization agent, according to Anthropic's SEC filing. Potential investors are discussing a valuation range of $1.1 trillion to $1.3 trillion for Anthropic, a figure that emerged after the recent U.S. midterm elections prompted a reassessment of AI company valuations.
JPMorgan has also adopted Anthropic's Claude Code product across the bank beyond its software engineers, as noted on Anthropic's website. The company aims to match or surpass SpaceX's debut size, targeting a record-setting offering.
Why it matters
The IPO could set a new benchmark for AI valuations and offer retail investors a sizable allocation in a high-profile tech listing.
FAQ
When is Anthropic expected to begin marketing its IPO?
Marketing is expected to start as early as Tuesday ahead of pricing and the Nasdaq debut before the U.S. Thanksgiving holiday.
What percentage of the shares may be allocated to retail investors?
Anthropic has considered a retail offering of about 15 % to 20 % of the shares.
Which banks are involved in the IPO and what are their roles?
JPMorgan leads domestic retail marketing, Citigroup coordinates international retail, Goldman Sachs is the lead-left underwriter, and Morgan Stanley acts as stabilization agent.
What valuation range are investors discussing for Anthropic?
Investors are discussing valuations between $1.1 trillion and $1.3 trillion.
Source: Economic Times Markets. See the original source for full details.
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