AI Firm Anthropic Taps Banks for Anticipated $2 Trillion IPO

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AI Firm Anthropic Taps Banks for Anticipated $2 Trillion IPO

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Artificial intelligence company Anthropic is reportedly finalizing the selection of Morgan Stanley and Goldman Sachs to lead its highly anticipated initial public offering, which some investors speculate could value the company at $2 trillion. This move follows earlier reports in June that indicated these investment banks were already involved in the listing process. The potential $2 trillion valuation would make it one of the largest tech IPOs in history, potentially surpassing SpaceX’s $1.77 trillion debut in June 2026.

Anthropic, known for its Claude large language models, was founded in 2021 by former OpenAI members Daniela and Dario Amodei, who serve as president and CEO, respectively. The company confidentially submitted a draft S-1 filing with the U.S. Securities and Exchange Commission on June 1, 2026. While an IPO was initially expected to involve the publication of its prospectus as early as next week, reports on September 4, 2026, suggest the marketing launch has been pushed to mid-October at the earliest, with the full listing potentially occurring just before the U.S. midterm elections in November. The public disclosure of the prospectus is now anticipated in late September.

As part of its IPO preparations, Anthropic is also reportedly finalizing a $15 billion revolving credit facility, led by Morgan Stanley, Goldman Sachs, JPMorgan Chase, and Citigroup. This credit line, initially sought at $10 billion, has expanded due to strong banking interest. Anthropic has seen significant growth, with its annualized revenue exceeding $65 billion in July 2026, a substantial increase from an estimated $9 billion target for 2025. The company was valued at $965 billion in a Series H funding round in May 2026.

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