Anthropic PBC has selected Morgan Stanley and Goldman Sachs to lead underwriting work on its initial public offering, according to people familiar with the matter. The artificial intelligence company's move to secure banking relationships signals preparation for a public market debut that could come as soon as market conditions permit.

The IPO preparations come as Anthropic competes with rival OpenAI to become the first major AI company to go public. Both firms have attracted significant private investment as artificial intelligence technology captures investor attention and dominates headlines across financial markets. This banking selection represents a critical milestone in Anthropic's path toward public ownership.

Securing premier investment banks for IPO work suggests Anthropic is positioning itself for a substantial valuation. Morgan Stanley and Goldman Sachs both maintain strong track records in technology offerings, which could prove essential given the volatile nature of AI stock performance. The choice reflects the competitive dynamics in Silicon Valley's hottest sector.

This development adds momentum to the growing pipeline of AI companies eyeing public markets. With regulatory scrutiny intensifying around artificial intelligence development, Anthropic's IPO timing may prove strategic for establishing transparency and accountability before federal oversight expands further.