Anthropic: Investors Expect Lower IPO Valuation, Insiders Say
The initial public offering of the Claude developer is now reportedly valued at $1.5 trillion, rather than $2 trillion. Investors are concerned about high AI costs and slower revenue growth.
Anthropic, the artificial intelligence (AI) developer, apparently disappointed several investors with slowing revenue growth on Wednesday, according to US media reports. They had anticipated a higher revenue increase. Before the planned stock market debut of the AI-specialized company in November, discussions around a valuation of around $1.5 trillion were now taking place, said several people familiar with the process to the Reuters news agency and other media. Previously, $2 trillion was mentioned.
During an investor day in San Francisco on Wednesday, the management informed potential stock buyers that revenue had increased by 45% from the previous quarter to $16.8 billion, Reuters and other news outlets reported based on insiders. Additionally, Anthropic had reached the earnings zone on a basis excluding extraordinary items.
Some investors, however, had been disappointed by the slowing growth: In the second quarter, revenue had still more than doubled compared to the start of the year, reaching $11.6 billion. A delayed stock market debut of Anthropic could burden the entire AI market, as investors believe the success of the likely largest IPO of all time heavily depends on it. The stock market debut of the largest competitor OpenAI is expected to follow next year.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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