Anthropic is moving closer to an initial public offering, with the AI company lining up investor meetings ahead of a formal roadshow, according to people familiar with the plans. Goldman Sachs, Morgan Stanley and JPMorgan Chase—Wall Street’s top three banks by revenue—are involved in the offering, the sources said. A listing would position Anthropic ahead of rival OpenAI in reaching public markets and would build on momentum from SpaceX’s June IPO. Anthropic’s last valuation was reported at $965 billion after a May funding round that raised $65 billion, surpassing OpenAI’s estimated valuation at the time.
Co‑founder and chief executive Dario Amodei, who spoke at the Builder Summit in Bengaluru on February 16, 2026, has previously highlighted the company’s progress. The meetings being scheduled are intended to gauge investor demand before a formal roadshow and eventual stock sale. Anthropic confidentially filed its IPO prospectus with the U.S. Securities and Exchange Commission last month, though the exact debut timing remains undisclosed; Bloomberg has reported the possibility of an October listing.
The company’s ongoing IPO preparations come as investors seek exposure to the AI sector amid a broader surge in AI infrastructure and software spending. Anthropic is known for its Claude family of models and its Claude Code product, and it has grown into a major enterprise software provider by winning business from corporations. The development also signals competitive momentum with OpenAI, which is pursuing its own public‑market move after confidentially filing for an IPO in June. CNBC notes that the industry’s buoyant funding environment has helped boost profits for Wall Street banks, which are eager to participate in AI‑related financing and hedging activities. Anthropic did not comment on the IPO plans.
The broader context includes a wave of AI‑driven activity that has helped push AI‑oriented names into the spotlight, with the SpaceX IPO in June cited as a recent example of strong public markets appetite for AI and tech‑driven stories. Analysts and investors are watching how Anthropic’s potential IPO could influence the funding environment for other AI startups and incumbents as the sector continues to attract capital and talent.
For now, the company is proceeding with caution as it lines up investor meetings and prepares for a possible early 2024‑like roadshow cadence in a year marked by heightened market interest in AI platforms and cloud services.
