Anthropic’s $2 Trillion IPO Dream Meets a $1.5 Trillion Reality Check

Anthropic’s initial public offering (IPO) may carry a price tag about $500 billion lighter than investors once expected. Some current and prospective investors have reportedly discussed a valuation of around $1.5 trillion for the November listing. Why Did a 45% Jump Leave Investors Wanting More? The lower figure came from investors who attended Anthropic’s investor day in San Francisco on Wednesday, Reuters reported . There, the artificial intelligence (AI) firm said it was profitable on an adjusted basis during the quarter. It reported third-quarter revenue of $16.8 billion , a 45% rise. Still, some investors were disappointed by the slower pace. Revenue had more than doubled to $11.6 billion in the second quarter. Part of that slowdown was visible before the investor day.

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