Anthropic adds Citigroup to lead IPO banks ahead of listing - Bloomberg

Anthropic PBC is set to invite Citigroup Inc. to join its ranks of IPO banks, according to Bloomberg's reports. The AI firm's upcoming listing is anticipated to take place as early as the end of this month, with Citigroup joining the prestigious group of Wall Street banks that have been tapped for the deal. Current lead IPO banks include Morgan Stanley, Goldman Sachs, and JPMorgan Chase.

Being a part of this elite group of advisers can significantly increase a bank's share of the fees and enhance its standing in league tables. Citigroup has already been involved in a deal involving a $2.5 billion revolving credit line with Anthropic, as per Bloomberg's sources. The AI firm's revolving line is expected to surpass its current target of around $10 billion. Citigroup shares rose by 0.5% in after-hours trading following the report.