Anthropic's IPO valuation faces scrutiny as New York official urges delay
Investors are reportedly weighing a lower valuation of about $1.5 trillion for the AI company after its revenue growth slowed. New York City's comptroller has asked the firm to pause its listing.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
Anthropic, an AI company, is preparing an initial public offering planned for November, and some investors are reportedly considering a lower valuation of about $1.5 trillion instead of roughly $2 trillion. Its third-quarter revenue rose 45% from the previous quarter, down from 147% growth in the preceding quarter.
Timeline
- Oct 16, 1:00 AM ET: Anthropic's Q3 revenue growth of 45% was reported to have slowed from 147%, and some investors were reportedly weighing a $1.5 trillion valuation.
- Oct 16, 9:45 AM ET: Reuters reported that some investors were considering lowering Anthropic's valuation from roughly $2 trillion ahead of its IPO.
- Oct 16, 10:16 AM ET: A New York official urged Anthropic to pause its public launch of shares.
- Oct 16, 12:26 PM ET: Anthropic entered discussions with the New York City comptroller after the call to delay the IPO.
Coverage
- Consumer Tech (Oct 12-16): Big Banks Reports Earnings, Anthropic Revenue Jumps 45% & More (benzinga.com)
- Anthropic's reported Q3 revenue not a sign of AI slowing down, Wedbush says (seekingalpha.com)
- MORNING BUSINESS REPORT: Amazon listening device, foldable iPhone, Anthropic revenue (wfsb.com)
- Anthropic Courts Investors Ahead Of Expected Stock Market Debut (Yahoo News)
- Anthropic’s IPO: Inside Its Pitch on AI’s Profits, Risks and Future (colombiaone.com)
- Anthropic's quarterly revenue hits $16.8B ahead of planned IPO: Report (Anadolu Agency)
- Anthropic's revenue growth in focus (CNBC)
- Anthropic is gaining market share, not losing it (TradingView)
- Anthropic Brings In $16.8 Billion in Revenue in a Single Quarter (trendingtopics.eu)
- Anthropic tells investors it is profitable as quarterly revenue hits $16.8 billion (Reuters)
- Anthropic and Musk pledge shares as AI firms race for funding
- Investors question Anthropic's hidden power structure before IPO
- Anthropic and Musk pledge billions in shares as OpenAI races for funds
- Anthropic sets aside a slice of equity; Musk pledges shares too
- Anthropic posts $16.8 billion quarter ahead of IPO
- Anthropic's IPO push puts underwriting fees in spotlight
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