Anthropic targets record $2T IPO on Nasdaq
6.6 Investments Anthropic files for IPO at a $2T valuation, showing strong growth and adjusted profits, but faces high cash burn and market risks.
Anthropic has officially filed for an initial public offering (IPO) with the US regulator, aiming to list on the Nasdaq under the symbol ANT. The company could be valued at $2 trillion, positioning it among the largest IPOs in history. The filing highlights robust revenue growth, with Q3 revenue reaching approximately $16.8 billion—a 50% increase quarter-over-quarter. While the company reports 'adjusted' profitability, some analysts caution that this may be superficial, as high cash burn persists. Anthropic’s IPO is expected to set a benchmark for AI sector valuations. However, volatile credit markets and ongoing pressure on data center infrastructure could impact its post-IPO valuation. The founders will retain 50.1% of voting power through a special structure. Details such as the number of shares and price range remain undisclosed, and the sale will proceed only after SEC approval.
