Anthropic Delays IPO to November with Revised Revenue Expectations
AI startup Anthropic has delayed its initial public offering (IPO) from October to November, though it still aims for a $2 trillion valuation and plans to raise up to $100 billion. The company now expects annualized revenue of over $110 billion by year-end, which would bring down the IPO's price-to-sales multiple compared to its initial target. Anthropic’s revised financial outlook is seen as more grounded than that of SpaceX at its recent IPO, where it traded at around 93.6 times sales. Anthropic now implies a valuation multiple closer to 18x revenue, which remains high but less aggressive by comparison. The company has experienced rapid growth, with second-quarter revenues reaching $11.5 billion and an annualized run rate expected to surpass $200 billion by 2028. The delay allows Anthropic more time for preparation amid a fast-evolving AI market. With a total addressable market (TAM) of $30 trillion, the company is positioned as one of the key players in the AI revolution.
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Topics: AI Anthropic IPO SpaceX valuation multiples