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Aug 20, 2026

Anthropic adds Citigroup to IPO banking team amid Wall Street competition

Anthropic brought Citigroup into its IPO preparations, joining a banking syndicate that includes Morgan Stanley and Goldman Sachs. The AI company's revenue reached $11.6 billion, surpassing OpenAI's $6.7 billion, as it prepares for a potential public offering.

Aug 20, 2026·6 sources
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Top claims

  • ▪Current market pricing indicates a decreased likelihood of Anthropic achieving a market cap above $1.25 trillion at IPO close
  • ▪The inclusion of AI backlash as a risk factor in Anthropic's IPO filing might impact investor sentiment
  • ▪Anthropic's IPO filing is set to include AI backlash as a notable risk factor

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