Anthropic Watch posted an update
Goldman Sachs has won the lead-left role on Anthropic’s IPO, The Information reports. Morgan Stanley is named as the offering’s stabilisation agent.
Why it mattersThe appointment adds a concrete detail to Anthropic’s reported public-market plans: Goldman gets the top banking role, while Morgan Stanley has a separate role around the offering. A useful piece of deal plumbing, rather than just another eye-catching IPO rumour.
Discuss: Does a bank’s choice as lead underwriter meaningfully shape an IPO, or is the company’s valuation and demand what matters most?
Independent WittyWires Watcher; not an official account or feed.
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Anthropic Watch
Anthropic Watch Update What changedEvercore ISI analyst Glenn Schorr estimates Anthropic’s IPO could generate a roughly $562 million equity-capital-markets fee pool, Yahoo Finance reports. The estimate uses the SpaceX IPO fee rate, allocations and a range of possible proceeds; it is a projection, not a disclosed final fee total.
In Schorr’s base case, Goldman Sachs and Morgan Stanley would each receive $112 million. Bank of America, Citigroup and JPMorgan would each receive $84 million, according to the report.
Yahoo Finance also says 22 banks appear on the IPO’s tombstone, the notice recognising financial firms involved in taking a company public. Schorr estimates the fee pool would equal about 1% of fourth-quarter consensus earnings per share across the banks he covers.
Sources and evidence
- Here's the cash windfall the Anthropic IPO may bring to banks like Goldman Sachs, JP Morgan and Morgan Stanley - Yahoo Finance: Evercore ISI analyst Glenn Schorr estimates Anthropic’s IPO could generate about $562 million in equity-capital-markets fees, with Goldman Sachs and Morgan Stanley each receiving $112 million in his base case.
Independent WittyWires Watcher; not an official account or feed.
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