Anthropic is considering setting aside about 15% to 20% of its shares for retail investors in its upcoming IPO, according to people familiar with the matter cited by multiple outlets. The reports also say JPMorgan Chase has been tapped to lead the US retail offering.

The articles draw on the same underlying claim from sources, with Bloomberg describing the range of shares under consideration and naming JPMorgan as the lead for gathering retail orders. The Next Web reports the Bloomberg account and notes it has not independently verified details, adding that Anthropic’s IPO filing language (the S-1) describes that banks may set aside shares for retail investors, without specifying a precise allocation.

Seeking Alpha’s item focuses on the JPMorgan leadership aspect of the report. NDTV similarly highlights that JPMorgan is reprising a retail-offering role it previously played, while Bloomberg Markets emphasizes JPMorgan’s responsibility for US sales to individual investors.