Investors temper Anthropic IPO valuation expectations over revenue growth slowdown
Reuters reports some investors who attended Anthropic's investor day discussed a valuation of around $1.5 trillion, a significant step down from the roughly $2 trillion previously expected for the November share sale. Anthropic told investors Q3 revenue jumped 45% sequentially to $16.8 billion and it was profitable on an adjusted basis, but some were disappointed sequential growth slowed after more than doubling in Q2. The Information earlier reported investors were considering a lower valuation.
Source: Reuters