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Anthropic hires lawyers as it preps for IPO
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Good(3)Good quality. Reputable source with community review or editorial standards, but less rigorous than peer-reviewed venues.
Rating inherited from publication venue: TechCrunch
Relevant to AI governance discussions about how IPO transitions and public market pressures may affect safety-focused AI labs' ability to maintain their stated missions and governance structures.
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Importance: 28/100news articlenews
Summary
Anthropic is preparing for a potential 2026 IPO, having engaged law firm Wilson Sonsini and begun preliminary discussions with investment banks. The company is also seeking a new funding round that could push its valuation above $300 billion, up from $183 billion in September 2024. This mirrors similar IPO preparations by OpenAI, currently valued at $500 billion.
Key Points
- •Anthropic has hired Wilson Sonsini law firm to guide IPO preparations, potentially targeting a 2026 public listing.
- •A new funding round is being sought that could value Anthropic at over $300 billion, up from $183 billion in Sept 2024.
- •Anthropic has not yet selected an underwriting bank but is in active discussions with investment banks.
- •Competitor OpenAI (valued at $500B) is also reportedly exploring an IPO, signaling broader AI sector public market momentum.
- •IPO transition may affect Anthropic's Public Benefit Corporation governance structure and its stated safety mission commitments.
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In Brief
Posted:
9:42 AM PST · December 3, 2025
Image Credits: Anthropic
Dominic-Madori Davis
Anthropic hires lawyers as it preps for IPO
Anthropic is prepping for an IPO that could come as early as 2026, the FT reports .
It has brought on law firm Wilson Sonsini to help kick off the process, and the company is tackling an internal checklist to prepare it for what could be one of the largest IPOs ever.
The company is also reportedly looking to raise a funding round that could value it at over $300 billion and has also been in talks with investment banks, though it has not chosen an underwriter, the FT reported. Anthropic last announced a $13 billion raise in September, giving it a $183 billion valuation. Wilson Sonsini has been an adviser to Anthropic since 2022.
This news comes as OpenAI, valued at $500 billion , is also reportedly testing the waters for an IPO and has started to prep itself for the process, though no listing date has been suggested, Reuters reported.
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