Anthropic's IPO Could Exceed $1.4 Trillion, Setting AI Market Benchmark
AI giant Anthropic is poised for an initial public offering expected around November 19, with projections suggesting a valuation exceeding $1.4 trillion, marking a significant event in the technology sector.
This story was prepared with the help of artificial intelligence, compiled from several sources, and read and approved by our editor.
Anthropic, a leading artificial intelligence company, is gearing up for a highly anticipated initial public offering (IPO) expected to take place next week, potentially on November 19. The company's valuation is projected to surpass $1.4 trillion, positioning it as one of the largest IPOs in the history of the AI industry.
According to Bloomberg, Goldman Sachs analysts estimate Anthropic's revenue could soar to approximately $685 billion by 2030. This robust projection lends support to the company's targeted IPO valuation. The Wall Street Journal notes that this market debut is seen as a crucial litmus test for investor sentiment towards the broader AI trade.
Significant interest is also evident in pre-IPO markets. CNBC reports that perpetual futures contracts, traded on decentralized crypto exchanges like Hyperliquid, indicate expectations for a substantial "pop" on Anthropic's debut. For instance, Hyperliquid's Anthropic contract implies a market capitalization of roughly $1.7 trillion, exceeding the $70-$78 stock price range outlined in the company's updated S1 filing.
While direct access to IPO shares might be limited for retail investors, earlier avenues for investment exist. CNBC highlights that certain mutual funds and Exchange Traded Funds (ETFs) invest in private companies before their public listings. Data from Morningstar indicates that major fund companies such as Fidelity and Capital Group hold substantial stakes in Anthropic.
Anthropic was founded in late 2020 by senior OpenAI employees who departed over concerns regarding the prioritization of AI ethics and safety. News of Anthropic's upcoming roadshow appears to have impacted competitor OpenAI, with perpetual contracts tracking OpenAI's market cap dropping 7% to $1.27 trillion, according to Hyperliquid trading data.