Anthropic PBC is planning a live-streamed event in which co-founder and chief executive Dario Amodei will discuss the company’s planned stock market listing with Jamie Dimon, chief executive of JPMorgan Chase & Co. A person familiar with the matter said the Claude chatbot maker is preparing the session.
The conversation is part of the marketing effort for what could be a record-setting initial public offering. It is expected to take place around lunchtime on Friday in New York. The source said it will resemble the event Elon Musk took part in during June, when SpaceX listed its shares, though this one will be more modest.
Timeline
The offering is expected to begin formal marketing as early as Tuesday. Pricing and the Nasdaq debut of the shares are then due before the US Thanksgiving holiday, according to Bloomberg.
Neither Anthropic nor JPMorgan has commented.
Who is involved
JPMorgan is one of 22 banks working on the deal. It is leading domestic retail marketing and share allocations. People familiar with the matter said Anthropic has considered offering around 15% to 20% of the total shares to retail investors.
Citigroup is coordinating the international retail offering. That part of the deal covers the UK and parts of Europe, as well as Canada, Japan and Australia, Bloomberg reported.
Goldman Sachs holds the lead-left role on the IPO. Morgan Stanley is acting as stabilization agent, according to Anthropic’s filing with the US Securities and Exchange Commission.
Size and valuation
Bloomberg News reported that Anthropic is aiming for an offering as large as SpaceX’s record-setting debut, or bigger. SpaceX raised $86.2 billion in June, including overallotment shares.
Potential investors have discussed valuations in the range of $1.1 trillion to $1.3 trillion for Anthropic, according to people familiar with the matter. Those talks followed the US midterm elections last week, which led investors to rethink how they value artificial intelligence companies.
Separate banking tie-up
JPMorgan has also rolled out Anthropic’s Claude Code tool across the bank, extending its use beyond software engineers. An article posted on Anthropic’s website on Monday described the move.