Investors temper Anthropic IPO valuation expectations over revenue growth slowdown: Report
Investors are debating a lower price as Anthropic’s quarterly revenue rose 45% to $16.8 billion, but growth slowed and infrastructure costs loom.
- On Thursday, Anthropic reported $16.8 billion in quarterly revenue, yet stocks plummeted as investors turned bearish on the AI trade amid valuation concerns.
- A valuation above $2 trillion would be roughly 30 times annualized third-quarter revenue, forcing investors to weigh the enormous infrastructure commitments required to sustain growth.
- With an 85% adjusted gross margin, Anthropic still faces financing hurdles; some CoreWeave bonds yield close to 15%, signaling growing funding concerns for levered companies.
- Vey-Sern Ling, managing director at Union Bancaire Privee, warned that "the real concern is not profitability itself, but the increasingly expensive price of keeping it sustainable."
- Citrini Research posted "Oh it's over over" as figures circulated, while Geiger Capital described the revenue as "not good enough," reflecting broader skepticism about sector profitability.
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‘Most ridiculous IPO of 2026’: the bear case on the Anthropic IPO valuation
Anthropic’s planned stock market debut is “an unprecedented test of investor gullibility,” independent research firm New Constructs said in a report titled “Anthropic Is The Most Ridiculous IPO of 2026.” The firm puts the AI company’s equity at as little as $144bn. That is 93% below the $2tn valuation Anthropic is reportedly targeting. The report […] This story continues at The Next Web
Some Anthropic Investors Now See a $1.5 Trillion IPO, Not $2 Trillion
Anthropic's November IPO is reshaping what Amazon and Alphabet investors expect to see on their balance sheets, and the gap between what investors hoped for and what they now discuss hints at a bigger story about whether AI growth is living up to its hype.
The growth rate of AI companies seems to be slowing down, which is why investors now see big risks in giant data center loans.
Anthropic's valuation could fall by £379billion as growth slows
Anthropic's valuation could fall by £379billion as growth slows . Some Anthropic investors are considering a valuation $500billion (£379billion) below earlier expectations for its stock market debut
Anthropic IPO: Investors temper Anthropic IPO valuation expectations over revenue growth slowdown
Some investors who attended Anthropic's investor day on Wednesday in San Francisco discussed a valuation of around $1.5 trillion, three of the people said, a significant step down from the roughly $2 trillion valuation that investors had previously expected for the November share sale.
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