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Anthropic's planned IPO valuation

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DevelopingNext check : A decision on Anthropic’s IPO valuation and pricing, or a change to the plan.

Where it stands

Wall Street is preparing to value Anthropic for a potential IPO using projected 2028 revenue of $190 billion to $200 billion as its anchor, rather than current or trailing sales. The IPO pricing process has not concluded, and the report names no next step or date.

Story trackerDay 1

1 report10 outlets11 sources1 video

The story so far

  1. Update 1

    Wall Street Is Pricing Anthropic at $2 Trillion on Revenue From 2028

    Anthropic pitched banks on $190-$200 billion in 2028 sales. Bankers turned that forecast into talk of a $2 trillion October IPO that would top SpaceX.

    Still open after this report

    • No public S-1, no confirmed valuation, date, exchange, ticker, underwriters, or audited forecast methodology.
    • No verified breakdown of how $200 billion in 2028 sales converts into margins after GPUs, compute, hiring and model costs.

History

  1. Opened1 report

Who's involved

People

  • David Merkel1 report

Places

  • Wall StreetWall St, New York, NY, USA1 report

Every outlet we read on this story

11 sources10 outlets1 video