Anthropic CFO Krishna Rao is leading early IPO meetings with investors and has not discussed valuation, sources say

Anthropic's Chief Financial Officer, Krishna Rao, is leading early meetings with investors ahead of a potential initial public offering (IPO). According to CNBC, these meetings have focused on big-picture themes such as the company's Claude AI models and management.

The company's backers have high expectations for its revenue growth. According to the Financial Post and Quartz, investors expect Anthropic's annualized revenue to reach $100 billion to $120 billion by the end of 2026, which is more than 10 times its level at the start of 2026. The Financial Post notes that this projection is based on the company's preferred measure, which infers full-year sales from recent performance.

Some sources, as reported by Techmeme and citing the Financial Times, expect Anthropic to float at a valuation of $2 trillion or more in October, with Silicon Republic adding that this lofty valuation is due to the company's rapidly growing revenue. However, Rao has not discussed valuation in these early meetings, according to CNBC.

Brief written by urgent.news from CNBC, Quartz, Financial Post, Techmeme, Silicon Republic — 5 reports on this story. Machine-written — it may contain errors, so check the original before relying on it.