Anthropic Lines Up IPO Investor Meetings, With a Listing Possible in October

Anthropic has moved a step closer to the public markets. Bloomberg reported on July 15 — with CNBC matching it about two hours later on its own sourcing — that bankers leading the company's planned offering are scheduling meetings between prospective investors and Anthropic executives in the coming weeks.

What stage this actually is

This is demand-sounding, not the roadshow. Bankers gauge appetite before a formal roadshow and eventual share sale, and both primary reports describe meetings being lined up rather than under way — a distinction several aggregators lost when they reported that meetings had "started." The listing could come as soon as October, "though the timing could change." An Anthropic spokesperson declined to comment.

The banks and the filing

Goldman Sachs, Morgan Stanley and JPMorgan Chase — the three largest Wall Street banks by revenue — are leading the planned offering. Anthropic itself disclosed on June 1 that it had confidentially submitted a draft Form S-1 to the SEC. Share count, price, exchange and ticker are all explicitly not yet set.

The numbers behind it

Anthropic closed a $65 billion Series H at a $965 billion post-money valuation on May 28, led by Altimeter, Dragoneer, Greenoaks and Sequoia, with roughly $15 billion of it previously committed hyperscaler money including $5 billion from Amazon. That valuation put the company above OpenAI's $852 billion for the first time. Run-rate revenue crossed $47 billion earlier in May, driven heavily by enterprise adoption of Claude Code. Founded in 2021 by former OpenAI staff, Anthropic would be the largest AI listing to date.

The race with OpenAI

Going in October would put Anthropic on public markets before OpenAI — but not because OpenAI is unprepared. OpenAI also filed confidentially with the SEC in June; it has simply pushed its target debut to 2027, after earlier aiming at fall 2026, citing tech-stock volatility. Two filed companies, two different clocks. CNBC frames the listing as building on June's SpaceX IPO, which raised $85 billion at a $1.77 trillion valuation.