Anthropic Weighs Allocating Up to 20% of IPO Shares to Retail Investors, With JPMorgan Leading Sale

Anthropic is considering expanding share sales to retail investors ahead of its initial public offering.

Bloomberg reported on October 27 that Anthropic is weighing a plan to allocate about 15% to 20% of its total IPO shares to individual investors. JPMorgan Chase would lead the sale to U.S. retail buyers.

JPMorgan plans to gauge demand from high-net-worth clients, private-banking customers and securities trading platforms. Chief Executive Officer Jamie Dimon is also expected to participate in the effort.

Citigroup is poised to oversee the retail offering outside the U.S. Anthropic is also pursuing share sales in Australia, Canada, Japan, the U.K., Switzerland and some European countries. The retail allocation and other detailed terms may still change.

Anthropic publicly filed its registration statement for the IPO on October 26. The listing would mark the first stock-market debut by a company focused primarily on developing advanced AI models. Goldman Sachs and Morgan Stanley are leading the overall offering.

The market is valuing Anthropic at about $1.4 trillion to $1.5 trillion. Some estimates put the company as high as $1.75 trillion.

Major technology companies are continuing to raise large sums as AI development and data-center construction require heavy investment. Meta is pursuing a share sale of as much as $98 billion, while Google parent Alphabet is seeking $85 billion.