Goldman Sachs and Morgan Stanley gain on lead roles in Anthropic IPO
Shares of Goldman Sachs and Morgan Stanley outperformed banks after reports they will lead Anthropic's IPO. Barron's says 22 firms are handling the offering.
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what happened
According to Barron's, Goldman Sachs shares rose 2% on Monday and Morgan Stanley gained 2.2%, while the KBW Nasdaq Bank Index added 0.7%. Investors believe the banks' ties to Anthropic, maker of the Claude AI models, will pay off. Goldman took the top position as lead left underwriter, and Anthropic's filing with the SEC shows 22 firms managing the offering.
Lead underwriters collect the largest fees, but the bigger benefit, according to Evercore ISI analyst Glenn Schorr, comes from related business in equities trading, securities lending and wealth management. He argues a successful listing could encourage other AI companies to test public markets.
why it matters
For investors, the point is that banks earn revenue beyond IPO fees through related activity in coming quarters. Anthropic's success could shape appetite for AI company listings, including OpenAI's planned offering.
market impact
US banks: ties to major IPOs support expectations for trading and wealth management revenue
tags
instruments
sources
- Coveted Roles in Anthropic's Upcoming IPO Lift Goldman Sachs, Morgan Stanley — Barrons.com, 26 October 2026 at 21:52 UTC
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