Anthropic is considering going public as early as October, according to a Bloomberg report.
The company has already begun early talks with major Wall Street banks about leading roles in a potential listing. Names being considered include Goldman Sachs, JPMorgan Chase, and Morgan Stanley. While plans are still being discussed and nothing is final, reports suggest the IPO could raise more than $60 billion from public investors.
Anthropic was last valued at $380 billion following a $30 billion Series G round closed in February 2026, led by GIC and Coatue Management, with MGX among the co-leads alongside D.E. Shaw, Dragoneer, Founders Fund, and ICONIQ.
The US company has built deep strategic partnerships with Google and Amazon, its two largest and longest-standing investors, as well as Microsoft and NVIDIA, which joined as investors in the 2025 funding round, providing access to advanced chips and infrastructure.
Anthropic has also committed to investing $50 billion to build AI data centres across the US, including facilities in Texas and New York, underscoring its ambitions to scale its own infrastructure rather than rely solely on third-party cloud providers.
Earlier this year, Anthropic faced a major challenge when the Pentagon flagged it as a potential risk to the US supply chain. However, the company secured a court order blocking the ban, avoiding what could have been a significant financial setback.
OpenAI also prepares for IPO push
The move comes as rival OpenAI is also preparing for a possible public listing by the end of the year.
According to a CNBC report, OpenAI is now focusing heavily on its enterprise business as it gears up for a potential IPO in the fourth quarter. During a recent internal all-hands meeting, Fidji Simo, CEO of Applications at OpenAI, told employees that the company is shifting its strategy toward high-productivity use cases.
OpenAI is simultaneously refining its long-term spending plans, targeting approximately $600 billion in compute spending by 2030, down from earlier, more ambitious projections. The company also forecasts revenue topping $280 billion by the end of the decade.
With both Anthropic and OpenAI moving toward public listings, the race to dominate the AI market is entering a new phase where public investors will soon have a direct stake in its outcome.
