Banks compete to manage Anthropic employees’ wealth ahead of IPO expected to rival $86.2 billion SpaceX debut

  • Five banks are competing to manage wealth for Anthropic employees before its IPO.
  • $86.2 billion was SpaceX’s debut, which Anthropic is expected to match or exceed.
  • Anthropic asked firms to detail fees, services and wealth-management operations.

Goldman Sachs, Bank of America, Bank of New York Mellon’s wealth unit, JPMorgan Chase and Wells Fargo are competing to manage wealth for Anthropic PBC employees ahead of the artificial intelligence company’s initial public offering (IPO), Bloomberg reported. Anthropic has asked banks and smaller advisory firms to detail fees, services and other operating information as it prepares a list of advisers for employees. The company is expected to raise at least as much as SpaceX’s $86.2 billion debut when it reaches public markets in coming weeks, potentially creating substantial wealth for staff. The contest is separate from banks’ efforts to handle parts of the IPO itself and reflects Wall Street’s broader competition to win newly wealthy technology-company employees as wealth-management clients.

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