Bloomberg reported on July 16 that the bank handling the Anthropic stock IPO has arranged meetings between investors and company executives to pave the way for subsequent formal roadshows. The report said Anthropic could hit public markets as early as October. Goldman Sachs, Morgan Stanley, and JPMorgan are all among the three major Wall Street investment banks participating in this IPO underwriting plan.
IPO Process Update: Investor Meetings and Secret S-1 Filing
According to Bloomberg, the informal meetings between investors and executives are an early-stage part of the IPO process, typically held before formal roadshows. The goal is for the underwriters to gauge the market’s appetite for the company and expectations for its valuation. After this step is completed, the process moves to the formal roadshow stage, where pricing is finalized and shares begin trading.
Anthropic secretly submitted its S-1 registration statement to the SEC in June through a confidential filing process allowed by the SEC. During the review period, the company is not required to disclose detailed financial figures to the public. Bloomberg reported that Anthropic could be listed as early as October 2026. As of the time of this report, Anthropic has not yet announced an actual listing date, and a spokesperson declined to comment on news of investor meetings.
Participation by the Three Major IPO Underwriters: Goldman Sachs, Morgan Stanley, and JPMorgan
The underwriters for this Anthropic IPO include:
Goldman Sachs: Participating in underwriting plans for the Anthropic IPO
Morgan Stanley: Participating in underwriting plans for the Anthropic IPO
JPMorgan Chase: Participating in underwriting plans for the Anthropic IPO
All three are the largest investment banks in the United States capital markets by underwriting scale. According to the report, the AI spending boom has driven a rebound in the banks’ profits. Underwriting IPOs for leading AI companies is one of the direct channels for investment banks to participate in AI-themed deals.
Anthropic’s Fundraising History: $65 billion H Round Funding
Anthropic was founded in 2021 by a group of former OpenAI executives and researchers. In May 2026, Anthropic completed a $65 billion H round of funding, valuing the company at $965 billion—marking the first time it surpassed OpenAI’s then-$852 billion valuation.
According to the report, Claude Code, Anthropic’s coding assistant, has achieved early success in selling to enterprise customers, helping the company establish a foothold in the B2B market.
OpenAI’s S-1 Filing and the Listing Timeline Pushed to 2027
OpenAI also secretly submitted its IPO application to the SEC in June 2026, and as of the time of the report no further details had been released. Multiple overseas media outlets reported that OpenAI’s originally planned listing in the fall of 2026 has been pushed to 2027, with the specific timeline subject to OpenAI’s official announcement.
Based on the timeline reported by Bloomberg, if Anthropic is listed in October 2026 and OpenAI’s listing timeline is delayed to 2027 as reported by the media, Anthropic would complete its public listing ahead of OpenAI.
FAQ
When will Anthropic officially announce its IPO listing date?
As of July 16, 2026, Anthropic has not yet announced the actual listing date. Bloomberg reported that it could be as early as October 2026, but the spokesperson declined to comment on the news about investor meetings. The latest listing timetable will be subject to Anthropic’s official announcement.
What is Anthropic’s current valuation, and when was the most recent funding round completed?
Anthropic completed a $65 billion H round of funding in May 2026. After the funding, its valuation was $965 billion, surpassing OpenAI’s then-$852 billion valuation for the first time.
Why are the three major investment banks participating in the Anthropic IPO underwriting at the same time?
Goldman Sachs, Morgan Stanley, and JPMorgan all participated in underwriting plans for this Anthropic IPO. This kind of large technology company IPO is typically jointly underwritten by multiple major investment banks to diversify issuance risk and expand the reach to institutional investors.
