Anthropic’s IPO may see Australia’s biggest lender sitting on multi-billion windfall

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Photo by TORSTEN BLACKWOOD/AFP/Getty ImagesAnthropic PBC’s initial public offering may give Commonwealth Bank of Australia an opportunity to cash in on a stake it purchased in the artificial intelligence startup more than a year ago and whose valuation has ballooned.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountAustralia’s biggest lender participated in Anthropic’s Series E funding round in March 2025, acquiring a stake it said was valued at A$153 million (US$107.5 million) as of June 30 last year. The bank said the value of the holding jumped to A$1.53 billion at the end of June this year, based on a new Anthropic valuation of US$965 billion after it did another round of fundraising without CBA’s participation in May.This advertisement has not loaded yet, but your article continues below.Should the AI company achieve a US$2 trillion valuation in its listing, the stake could be worth around A$3.2 billion, without factoring in any share price dilution from the IPO, according to Bloomberg calculations. The calculations are general and do not reflect any undisclosed changes to CBA’s stake since its annual report published in August, though they do indicate that the Australian lender could be a rare bank winner from the IPO.Canada's best source for investing news, analysis and insight.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Investor will soon be in your inbox.We encountered an issue signing you up. Please try againCBA has forged ties with Anthropic beyond the investment, with the bank also partnering with the U.S. firm to accelerate adoption of AI, including protection from scams and fraud. The bank said this month that some of its software engineers would participate in Anthropic’s new program designed to boost AI skills.The bank ranked fourth on a global list of lenders in an Evident AI Index that sought to show how advanced banks were in their deployment of AI, the only Asia-Pacific lender in the top 10. CBA’s chief executive Matt Comyn has said that AI will create opportunities, though has also warned that job losses will be a likely reality too.This advertisement has not loaded yet, but your article continues below.“Some career paths will steepen as people use AI to take on more complex work sooner. This will create opportunities for many people, but it will be demanding for everyone,” he said in May. “An employer of our scale has a responsibility to avoid false reassurance and give people the best possible chance to adapt.”Among banks, CBA’s equity holding may stand out among the slew of institutional investors. In February, Anthropic highlighted JPMorgan Chase & Co. as a participant in its series G funding round.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.