Bankers for Anthropic have recruited Freshfields Bruckhaus Deringer, a prominent UK law firm, to provide legal counsel on the company's impending initial public offering. The AI firm, which has attracted significant attention for its advanced models, is reportedly targeting a valuation exceeding $1 trillion. The same firm advised on Google's acquisition of Wiz and ServiceNow's purchase of Armis.
The selection of Freshfields signals the scale and complexity of what is anticipated to be one of the largest tech IPOs in history. Freshfields' prior experience in high-stakes tech transactions suggests the offering will involve intricate regulatory and corporate structuring. Anthropic's move to go public comes amid a surge in investor enthusiasm for artificial intelligence companies.
According to sources cited by The Information, the IPO is expected to raise tens of billions of dollars. No specific valuation or share price targets have been disclosed. The timeline for the offering remains unclear, and Anthropic has not officially confirmed the plans.
If successful, the IPO would provide a major liquidity event for Anthropic's backers and employees, while giving public market investors direct exposure to the AI boom. The company competes directly with OpenAI and others in a rapidly evolving sector where regulatory scrutiny is intensifying.
Freshfields' appointment does not guarantee a smooth path to market; IPO plans can be delayed or withdrawn amid shifting market conditions or regulatory hurdles. The deal also faces potential antitrust review given Anthropic's strategic ties to tech giants.