Anthropic plans a live-streamed IPO discussion on 13 November featuring its chief executive, Dario Amodei, and JPMorgan Chase chief executive Jamie Dimon, Bloomberg reported, in a smaller-scale counterpart to an event held for SpaceX’s $86.2 billion listing. The conversation is expected around lunchtime in New York and forms part of the Claude maker’s effort to market its proposed share sale.
Key points
- Amodei and Dimon are expected to discuss Anthropic’s IPO in a livestream on Friday, 13 November.
- Formal marketing was expected to begin as soon as Tuesday, 10 November, ahead of a planned Nasdaq debut before the US Thanksgiving holiday.
- Anthropic could be valued at $1.1 trillion to $1.3 trillion, according to NewsBytes.
- JPMorgan is handling retail sales, with a possible 15% to 20% allocation for individual investors.
Amodei and Dimon plan New York discussion
Bloomberg attributed the plan for the livestream to a person familiar with the matter. Anthropic is preparing to take its shares public, and the proposed discussion would put the company’s co-founder alongside the head of the bank involved in selling shares to individual investors. The event remains a plan, rather than a completed presentation to investors.
The person compared the format with an event involving Elon Musk during SpaceX’s June listing, but described Anthropic’s proposed event as less elaborate. SpaceX’s listing was valued at $86.2 billion in that account. The comparison concerns the investor event, rather than the terms on which Anthropic’s shares might be sold.
Representatives for Anthropic and JPMorgan declined to comment, Bloomberg reported. The planned conversation follows Anthropic’s earlier IPO marketing, which AI Affairs reported alongside financing efforts by Anthropic and OpenAI. The planned livestream is part of Anthropic’s IPO marketing effort.
JPMorgan considers 15% to 20% retail allocation
JPMorgan is leading efforts to distribute Anthropic shares to individual investors, with a possible allocation of 15% to 20% of the offering, NewsBytes reported. The percentage is a possibility, not a final allocation. AI Affairs has also reported on Anthropic’s consideration of that retail range and JPMorgan’s role in US sales.
NewsBytes put Anthropic’s possible valuation at between $1.1 trillion and $1.3 trillion if the offering proceeds as planned. That range concerns the value investors might place on the company. The proposed retail percentage concerns how shares in the offering might be distributed; neither figure is presented as a completed transaction.
The bank’s retail role also gives Dimon a place in the proposed marketing event. NewsBytes described Citigroup as handling international sales, with Goldman Sachs and Morgan Stanley involved in the offering. Those are separate assignments within the share sale, alongside JPMorgan’s work with individual investors.
Anthropic targets Nasdaq before Thanksgiving
Formal marketing of the offering was expected to start as soon as early Tuesday, 10 November, ahead of pricing and a Nasdaq debut before the US Thanksgiving holiday. That timetable places the planned Amodei–Dimon discussion after the earliest reported start of formal marketing, while the company is seeking investor interest ahead of the share sale.
The Friday event is planned for New York at about lunchtime. Amodei is expected to discuss Anthropic’s IPO with Dimon in a live broadcast, bringing the company’s chief executive together with the bank executive whose institution is leading the potential retail distribution.
Anthropic is aiming for its shares to debut on Nasdaq before the US Thanksgiving holiday, following the planned marketing and pricing of the offering.
