Banks Scramble for Anthropic Employee Adviser Spots Ahead of Mega Listing
Big banks are vying for a spot on Anthropic's employee adviser list as the AI firm prepares to go public. According to sources, Goldman Sachs Group Inc., Bank of America Corp., the wealth arm of Bank of New York Mellon Corp., JPMorgan Chase & Co., and Wells Fargo & Co. have been pitching their wealth-management offerings to Anthropic. The process began when the company asked firms to provide details on fees, services, and operational procedures.
The stakes are high, with projections suggesting that Anthropic's IPO could raise an amount similar to or exceeding SpaceX's $86.2 billion debut. Brandon Smith of Laird Norton Wetherby noted that it is 'very reasonable' to expect the listing will create new millionaires, likening the situation to a lottery ticket.
The scenario has echoes of SpaceX's own IPO, where over 1,000 employees partnered with wealth advisers to negotiate better fees and secure tax-advantaged financial options. This shows how startup employees will go to great lengths to manage sudden liquidity from high-profile listings.