dealOct 26 · Freshfields
Freshfields lands the underwriters' role on Anthropic's IPO
Freshfields is advising the underwriters on Anthropic's proposed Nasdaq IPO, after Anthropic filed its S-1 with the SEC on 26 October. The team is led from Silicon Valley by Sarah Solum, global co-head of US capital markets, with capital markets partners Calise Cheng and Phillip Stoup. Wilson Sonsini advises Anthropic; Cravath advises Anthropic's co-founders on certain governance matters, Orrick is co-counsel to Anthropic on certain executive compensation and equity matters, and Cleary Gottlieb advises Anthropic's Long-Term Benefit Trust on certain governance matters.
why it matters
Holding the bank-side mandate on a closely watched US listing is a credentials story Freshfields can use in US capital markets pitches. It also puts a major transactional mandate alongside the multi-year AI partnership Freshfields agreed with Anthropic earlier this year.