Goldman and Morgan Stanley Form Separate Teams for OpenAI, Anthropic IPOs

Goldman Sachs (GS) and Morgan Stanley (MS) are planning to take OpenAI and Anthropic public, according to a report from The Wall Street Journal. To maintain confidentiality and avoid conflicts of interest, the banks are forming separate teams for each company, ensuring no sensitive information is shared between the rival clients.

Details of the Plan

The move comes amid a surge in IPO activity, particularly in the technology and AI sectors. OpenAI and Anthropic are among the most prominent AI startups, with valuations estimated at over $80 billion and $18 billion, respectively.

Context

Investment banks typically handle multiple clients in the same sector but enforce "Chinese walls" to prevent information flow. In this case, due to the sensitivity and size of the potential offerings, the banks have decided to strictly separate the teams.

What This Means for Investors

If the IPOs materialize, they could offer investors a rare opportunity to participate in the growth of leading AI companies. However, no confirmed details on timing or terms are available yet.