Anthropic IPO: AI Company Hires Lawyers for Public Offering

Anthropic's Potential IPO

According to reports from the Financial Times, Anthropic is making preparations for a potential Initial Public Offering (IPO), with a possible timeline as early as 2026.

The company has engaged the legal services of Wilson Sonsini to initiate the necessary steps. This includes addressing an internal set of requirements to ensure readiness for what is anticipated to be a significantly large IPO.

Funding and Valuation

Anthropic is also exploring a new funding round. Current estimates suggest this round could value the company at more than $300 billion.

Discussions are underway with various investment banks to determine underwriting arrangements, though a final decision has not yet been made.

In September, Anthropic successfully secured $13 billion in funding, which resulted in a valuation of $183 billion. Wilson Sonsini has provided counsel to Anthropic since 2022.

Competition with OpenAI

This development coincides with similar activity at OpenAI, currently valued at $500 billion. Reuters reports that OpenAI is also evaluating the feasibility of an IPO and is undertaking preparatory measures.

However, OpenAI has not yet established a specific date for a potential listing.

Key Takeaways

• Anthropic is targeting a possible IPO in 2026.
• The company is working with Wilson Sonsini for legal guidance.
• A new funding round could value Anthropic at over $300 billion.
• OpenAI is also considering an IPO.

Both Anthropic and OpenAI represent significant players in the artificial intelligence landscape, and their potential IPOs are closely watched by investors and industry analysts.