While Wall Street vies for positions in the artificial intelligence firm’s market launch, Anthropic PBC is reportedly planning to have Citigroup Inc. as one of the banks engaged in its initial public offering. Sources said the bank will team up with rivals Morgan Stanley, Goldman Sachs Group Inc., and JPMorgan Chase & Co. as top advisors for the upcoming deal. Anthropic is reportedly thinking about submitting a listing application before the month’s end.
Gaining a prominent position in a significant initial public offering boosts a bank’s ranking and ensures a higher percentage of the fees compared to other banks. Citigroup is at the top of the US IPO rankings for 2026, thanks to its role in SpaceX’s record-breaking $86.2 billion debut (including the over-allotment). Sources say that more banks are expected to join the roster, and that discussions are still underway, so details may change. No remarks were made by Anthropic or Citigroup representatives. Last year, Anthropic and a group of participating banks set up a revolving credit line in the amount of $2.5 billion, with Citigroup among them.
Those in the know have told us this week that the artificial intelligence company’s revolver is going to smash through its $10 billion goal. Anthropic is expected to join the public market this autumn, ahead of OpenAI, after both companies have submitted confidential paperwork to pursue an initial public offering. According to reports, Anthropic is on track to earn more than $65 billion in yearly income, which is a phenomenal rise of more than seven times from its trajectory at the end of last year.
