Anthropic PBC has selected Morgan Stanley and Goldman Sachs to lead its initial public offering (IPO), as the company competes with OpenAI to become the first major AI developer to go public. This move comes amid a broader trend in which several prominent AI and technology firms are advancing towards public listings, reflecting the intensifying rivalry among leading AI model creators.

Anthropic: Anthropic is an artificial intelligence company known for developing the Claude family of large language models and chatbot products. It has recently confidentially filed draft paperwork with the SEC as it prepares for a potential initial public offering. This move positions Anthropic in direct competition with rival OpenAI to reach public markets first.
Goldman Sachs: Goldman Sachs is a major investment bank offering financial advisory, securities underwriting, and market-making services. It has been tapped by Anthropic to co-lead the company’s planned initial public offering.
JPMorgan Chase: JPMorgan Chase is a leading global investment bank involved in IPO advisory and capital raising activities. It joins Morgan Stanley and Goldman Sachs on the banking team supporting Anthropic’s IPO preparations.
Morgan Stanley: Morgan Stanley is a global investment bank that provides advisory, underwriting, and capital markets services to corporate clients. The firm has been selected alongside other banks to lead Anthropic’s upcoming IPO process.

IPO Pipeline: Several prominent AI and technology companies are advancing confidential filings and preparations for public listings this year.
Sector Competition: Frontier AI developers are accelerating their paths to public markets amid intensifying rivalry between leading model creators.