Investors flock to Anthropic IPO but question durability of AI lead
The Anthropic roadshow is scheduled to run through next Wednesday, when the AI company is expected to price the $64 billion deal. Anthropic and its investment banks are meeting prospective investors in New York, Boston and San Francisco to gauge demand for the offering, one of the people and a third person familiar with the matter said.
Investors have shown significant interest in Anthropic's IPO, outpacing the early days of SpaceX's roadshow. The AI company is scheduled to price a $64 billion deal next Wednesday, as investors grapple with two key questions: whether Anthropic can sustain its lead in advanced AI models against competitors like Google, and if its Claude chatbot can maintain its edge beyond coding in the broader market.
The IPO has already seen six times oversubscription by the end of Thursday. While modest for many highly anticipated IPOs, the demand reflects strong early interest, with investors expecting the order book to grow substantially. The valuation debate centers around Anthropic's projected 2028 revenue, estimated to be between $270 billion and $280 billion, determining the company's enterprise-value-to-revenue multiples.
Written by urgent.news from Economic Times Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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