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Startups & Venture·November 10, 2026·1 min read

Anthropic has budgeted $41.5 million in legal fees for its IPO

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$41.5M in legal fees for one IPO is a line item that looks more like a mega-M&A deal than a tech listing—regulatory and contractual complexity is now baked into frontier AI capital formation. Founders eyeing public markets should budget time and cash for this level of lawyering if they’re entangled with hyperscalers and safety regimes.