Anthropic is preparing for an initial public offering that could occur as early as 2026. The company has engaged the law firm Wilson Sonsini to help begin the process. It is also working through an internal checklist to prepare for what may become one of the largest IPOs ever.
The company is reportedly seeking to raise a new funding round that could value it at over 300 billion dollars. It has held discussions with investment banks but has not yet selected an underwriter. Anthropic last announced a funding round of 13 billion dollars in September, which gave the company a valuation of 183 billion dollars. Wilson Sonsini has served as an advisor to Anthropic since 2022.
This development follows reports that OpenAI, valued at 500 billion dollars, is also exploring the possibility of an IPO. OpenAI has begun preparatory work for the process, though no specific listing date has been proposed.