finance
Goldman Sachs and Morgan Stanley to Advise Both OpenAI and Anthropic on Possible IPOs
The banks are building separate coverage groups for the two AI companies. They plan to keep the teams walled off while working on both potential stock market debuts.
Jun 18, 3:29 PM·1m read1 source
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Goldman Sachs and Morgan Stanley are each organizing banking teams to prepare for possible initial public offerings by OpenAI and Anthropic. Benzinga reported that the two banks expect to handle transactions for both companies while maintaining separate coverage groups. The banks are assigning different bankers to each mandate to keep the groups walled off from one another.
The arrangement departs from typical IPO practice, in which a lead bank usually avoids representing two direct competitors at the same time. The move aims to prevent sensitive information from crossing between the rival AI firms. The banks have not disclosed timelines or other details for the potential offerings.
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