Anthropic taps JPMorgan to lead US retail sales for its IPO
Anthropic has selected JPMorgan Chase to lead US retail share sales for its potentially record-breaking initial public offering, according to Bloomberg News on Tuesday, citing sources familiar with the matter. The AI company behind Claude may allocate roughly 15-20% of total IPO shares to retail investors, though negotiations are ongoing and the percentage could change. JPMorgan CEO Jamie Dimon is expected to participate in the bank's retail investor outreach campaign, while Citigroup will coordinate international retail offerings. Anthropic filed its IPO paperwork publicly on Monday, with Goldman Sachs and Morgan Stanley leading the offering. Investors have indicated a potential valuation between $1.4 trillion and $1.5 trillion, possibly reaching $1.75 trillion. The listing comes as AI developers seek substantial funding for model development and infrastructure expansion.