Anthropic picked Goldman, Morgan Stanley to lead record IPO
What’s new: Goldman took the prized lead-left slot, while Morgan Stanley will manage trading stabilization on debut.
Anthropic chose Goldman Sachs and Morgan Stanley as lead underwriters for what is expected to be the largest initial public offering on record, extending a long-running fight between the two Wall Street banks for top Silicon Valley mandates. Anthropic’s prospectus placed Goldman in the coveted lead-left position, while Morgan Stanley was named stabilization agent for the stock’s first trading day. The company did not disclose fees, but SpaceX paid the same two banks about $100 million each in its June offering. The lineup caps months of competition as both banks also chase AI-related financing work tied to Meta, Broadcom and SpaceX.