Anthropic Selects JPMorgan Chase to Lead U.S. Retail Allocation for IPO

According to TechFlow, on Oct. 28, people familiar with the matter said Anthropic has selected JPMorgan Chase to handle retail stock sales for its U.S. IPO. JPMorgan Chase CEO Jamie Dimon is expected to take part in the bank's IPO activities. Anthropic has considered allocating approximately 15% to 20% of the total shares available for sale in the IPO to retail investors. JPMorgan Chase previously led retail participation in SpaceX's $86.2 billion IPO and will take on the same role again in Anthropic's IPO.

The people also said Citigroup (C.N) will coordinate the offering for international retail investors. According to the IPO filing, Anthropic's offering will also be conducted in Australia, Canada, Japan, certain European Economic Area countries, Switzerland and the United Kingdom.

Source: TechFlow