Investors reportedly temper Anthropic IPO valuation expectations over revenue growth slowdown — SkimNews
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- Anthropic investors discussed a valuation of about US$1.5-trillion at Wednesday's San Francisco investor day, down from the roughly US$2-trillion previously expected for the November share sale.
- The company reported Q3 revenue jumped 45% to US$16.8-billion and was profitable on an adjusted basis, though some attendees were disappointed by the slowing sequential growth from Q2's US$11.6-billion, which had more than doubled from Q1.
- Anthropic committed to spending at least US$518-billion over a decade on cloud services and infrastructure, even as it reported a US$42-billion loss in 2025 and projected additional spending for the upcoming AI buildout.
- A cooler Anthropic IPO reception could weigh on the wider AI market, whose near-term prospects investors see as hinging on this share sale's success followed by OpenAI's potential listing next year.
- Nvidia-backed CoreWeave saw shares and bonds tumble Thursday amid a broader tech selloff and concerns about an AI buildout increasingly financed with borrowed money.
Why it matters: Anthropic faces a roughly $500-billion markdown on its November IPO despite a 45% quarterly revenue jump and adjusted profitability, showing that trillion-dollar spending commitments still spook even sophisticated backers. The source notes the wider AI market's near-term prospects hinge on this share sale's reception followed by OpenAI's planned listing next year.
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