Anthropic nears selection of Morgan Stanley, Goldman for IPO - FT

Anthropic, an artificial intelligence company, is on the verge of announcing Morgan Stanley and Goldman Sachs as lead participants in its upcoming initial public offering, according to the Financial Times. The AI firm is anticipated to submit its IPO documents within the forthcoming week. Morgan Stanley is poised to secure the crucial lead manager role, as indicated by sources familiar with the situation.

Meanwhile, Goldman Sachs is set to assume the stabilization agent position, which involves overseeing the first days of trading once Anthropic gets listed. The lead manager title entails acting as the strategic advisor on the deal, but this selection has not been officially confirmed and may yet undergo alterations. Morgan Stanley has been engaging in preliminary conversations with prospective investors regarding the company's share price for the offering, according to the sources.

However, JPMorgan, Citigroup, and Barclays are also anticipated to hold significant roles in the IPO. This report was produced with the aid of artificial intelligence and subsequently reviewed by a human editor. For additional details, please refer to the Terms and Conditions.