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Anthropic accelerates IPO preparation with Morgan Stanley and Goldman Sachs

Anthropic is close to appointing Morgan Stanley and Goldman Sachs as lead underwriters for an IPO that could value the company at $2 trillion. In parallel, it is completing the expansion of its credit line to $15 billion and expanding data center infrastructure. The company is preparing for one of the largest listings in history.

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Anthropic accelerates IPO preparation with Morgan Stanley and Goldman Sachs
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Sources

· 5

Key points

  • Anthropic is close to appointing Morgan Stanley and Goldman Sachs as lead underwriters for an IPO that could value the company at $2 trillion.
  • The expansion of its revolving credit line to $15 billion is close to completion; Morgan Stanley is leading the process, with Goldman Sachs, JPMorgan and Citigroup taking key roles.
  • Anthropic signed a $35 billion agreement with Lambda to build a data center in Texas with capacity of about 350 MW; a $45 billion contract with Nscale was announced earlier.
  • AMD has committed to invest up to $5 billion in Anthropic, and Anthropic has committed to purchase up to 2 GW of AMD accelerators.

What happened

Anthropic is close to giving Morgan Stanley and Goldman Sachs lead roles in its Wall Street debut. The listing could value the company at $2 trillion. At the same time, the company is completing the expansion of its revolving credit line to $15 billion; Morgan Stanley is leading the process, with Goldman Sachs, JPMorgan and Citigroup taking key roles. This removes an obstacle ahead of the IPO filing.

Anthropic signed a $35 billion agreement with Nvidia-backed cloud provider Lambda. The data center is being built in Nueces County, Texas, and will provide about 350 megawatts of capacity for AI models; the facility is being developed by Hut 8. The deal follows a $45 billion contract with Nscale announced last week for a data center in West Virginia.

Previously

  • By the end of July, Anthropic's annualized revenue run rate exceeded $65 billion.

What's Next

In the coming weeks, Anthropic plans to publicly file for an IPO that could raise up to a record $86.2 billion.

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