Wall Street Makes Its Pitch for Anthropic’s I.P.O.

Résumé détaillé

As market uncertainty deepens, investment banks are on a roadshow to sell investors on what could be the largest public offering ever.

On Friday afternoon, on the 56th floor of JPMorgan’s headquarters, Jamie Dimon interviewed perhaps the most important man to Wall Street right now: Dario Amodei, the chief executive of Anthropic.

With less than one week before Anthropic plans to sell its shares on the open market, both men projected calm and confidence heading into what could be the largest initial public offering ever.

“We’re not super fussed on when exactly, what month, or what day, or what market conditions we go public into,” Dr. Amodei said, speaking on a small stage as thick clouds enveloped the New York skyline behind him.

Dr. Amodei’s nonchalance, though, belies the intensity of Wall Street’s efforts to sell Anthropic to investors. The company has lined up 22 banks, led by Goldman Sachs and Morgan Stanley, to run its “roadshow,” a series of meetings and presentations, where investors hear about the company’s financials.

Anthropic disclosed earlier this week it aimed to raise up to $100 billion at a valuation of up to $1.4 trillion, down from $2 trillion bankers had floated this summer, before market jitters appeared.

JPMorgan and Citi are stewarding efforts to sell to individual investors, which Anthropic has said it expects to make up about 20 percent of the offering. Another critical group of investors: Seven of the tech industry’s biggest players, including Broadcom, Nvidia and Microsoft, which have already signed up to invest a total of $26 billion in Anthropic immediately after listing.

Début de l'article, extrait de DealBook (The New York Times). Pour lire la suite, ouvrez l'article chez le média.