Anthropic Pushes Pre-Thanksgiving IPO at $1.25T-$1.75T Valuation, $80B-$100B Raise
Summary
Anthropic still intends to list before Thanksgiving, now targeting a $1.25 trillion to $1.75 trillion valuation and $80 billion to $100 billion in proceeds, per the FT. The midpoint of roughly $1.5 trillion sits below the $2 trillion some investors had floated, a concession to the steep sell-off in tech stocks. The filing numbers are the real story: Anthropic has filed its S-1, showing third-quarter revenue of $16.3 billion, up nearly 50%, and the annualized run rate climbed to about $81 billion from $65 billion at the end of July. The company holds nearly $150 billion in cash and liquid investments against a planned $900 billion buildout of computing capacity and infrastructure over the coming years. Claude 354 Binders also features in the filing. JPMorgan briefs potential investors on November 13, which is the next hard checkpoint for whether the roadshow and November listing stay on track.
This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Binance News.