Overview
- Reporting says Anthropic has engaged Wilson Sonsini and held early, informal talks with major banks, with no underwriters selected.
- An Anthropic spokesperson says the company has not decided when or whether to go public.
- Sources say the startup is negotiating a new round that could value it above $300 billion, including a combined $15 billion commitment from Microsoft and Nvidia.
- Internal readiness efforts include hiring CFO Krishna Rao and working through governance, accounting, and disclosure checklists, alongside aggressive revenue targets of about $9 billion by end-2025 and $20–26 billion in 2026.
- Anthropic outlines heavy investment plans, including a $50 billion infrastructure buildout and a $30 billion commitment to Microsoft’s cloud, as it is positioned in a potential race with OpenAI, which says a near-term listing is not planned.