Anthropic hires lawyers as it preps for IPO

Anthropic is prepping for an IPO that could travel arsenic aboriginal arsenic 2026, the FT reports.

It has brought connected instrumentality steadfast Wilson Sonsini to assistance footwear disconnected the process, and the institution is tackling an interior checklist to hole it for what could beryllium 1 of the largest IPOs ever.

The institution is besides reportedly looking to rise a backing circular that could worth it astatine implicit $300 cardinal and has besides been successful talks with concern banks, though it has not chosen an underwriter, the FT reported. Anthropic last announced a $13 billion rise successful September, giving it a $183 cardinal valuation. Wilson Sonsini has been an advisor to Anthropic since 2022.

This quality comes arsenic OpenAI, valued astatine $500 billion, is besides reportedly investigating the waters for an IPO and has started to prep itself for the process, though nary listing day has been suggested, the Reuters reported.