Anthropic nears Morgan Stanley, Goldman appointments for potential $2T+ IPO

Anthropic, an AI startup known for its Claude-maker lab, is reportedly close to appointing Morgan Stanley and Goldman Sachs as lead underwriters for its upcoming initial public offering (IPO). The IPO could potentially value Anthropic at over $2 trillion, positioning it as one of the largest tech IPOs in history. This development follows Anthropic’s recent Series H funding round, which valued the company at $965 billion, marking it as the most valuable AI startup globally. The news suggests that Anthropic is actively preparing for a public market debut, which could occur by the end of 2026. Key Takeaways Market pricing suggests skepticism about Anthropic reaching a market cap below $1.25 trillion at IPO close, with current probabilities mostly concentrated above this threshold. The announcement of Morgan Stanley and Goldman Sachs as underwriters appears consistent with Anthropic’s readiness to proceed with its IPO plans in the near term. Current valuation discussions, while notable, may not significantly alter existing market perceptions unless further financial disclosures or strategic developments occur. What to Watch Markets will likely monitor any official confirmation from Ant...