Anthropic to Boost Citigroup Among Top IPO Banks for Mega-Listing
Anthropic PBC is poised to include Citigroup Inc. among the banks involved in its initial public offering, as informed sources indicate, while Wall Street competes for positions in the artificial intelligence firm’s market entry. The bank would align itself with competitors Morgan Stanley, Goldman Sachs Group Inc., and JPMorgan Chase & Co. in the upper echelon of advisers for the forthcoming transaction, according to sources. Anthropic is contemplating a filing for a listing potentially by the end of this month, according to source.
Securing a leading position in a significant IPO not only guarantees a larger portion of the fees compared to other banks, but it also enhances a bank’s standing in the league tables. Citigroup has secured the leading position in US IPO table for 2026, garnering the highest credit for its involvement in SpaceX’s unprecedented $86.2 billion debut, which includes the over-allotment. Deliberations are ongoing; details may evolve, and additional banks are anticipated to join the lineup, according to sources who requested anonymity due to the confidential nature of the information. Representatives for Anthropic and Citigroup refrained from providing any comments.
Citigroup was part of a consortium of banks that established a $2.5 billion revolving credit line with Anthropic last year. The AI firm’s revolver is poised to exceed its approximately $10 billion target, according to sources. The company and its competitor OpenAI have submitted confidential documentation to pursue an initial public offering, with Anthropic anticipated to make its entrance on Wall Street this autumn, preceding OpenAI. Anthropic is poised to achieve annualised revenue exceeding $65 billion, reflecting a more than sevenfold increase from its performance at the end of the previous year, according to source.
