Anthropic IPO Valuation Seen at $1.5 Trillion as Revenue Growth Slows From $2 Trillion
Updated
Updated · Reuters · Oct 15
Anthropic IPO Valuation Seen at $1.5 Trillion as Revenue Growth Slows From $2 Trillion
3 articles · Updated · Reuters · Oct 15
Summary
$1.5 trillion is the valuation some current and prospective investors discussed for Anthropic's November IPO after the company's investor day, down from roughly $2 trillion previously expected.
Third-quarter revenue rose 45% sequentially to $16.8 billion and Anthropic said it was profitable on an adjusted basis, but some investors were disappointed after revenue had more than doubled to $11.6 billion in the second quarter.
The cooler reception comes as investors worry about the rising cost of financing AI buildouts; Nvidia-backed CoreWeave's shares and bonds fell Thursday amid a broader tech selloff.
Anthropic's listing is viewed as a bellwether for the AI market, with a weak debut potentially weighing on sentiment ahead of OpenAI's possible IPO next year.