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AI Giant Anthropic Eyes $2 Trillion IPO
13 Aug
Summary
- Anthropic's potential IPO valuation is reportedly over $2 trillion.
- Company forecasts annual revenue of $100-$120 billion by 2026.
- Jim Cramer defends valuation based on strong revenue growth.
Anthropic is reportedly preparing for a significant market debut with a projected valuation exceeding $2 trillion for its upcoming October IPO. Supporters point to strong demand for its AI models, forecasting that annual revenue could reach $100 billion to $120 billion by the end of 2026, a substantial increase from current estimates. Investors are developing their own financial models as the company has not yet finalized an IPO valuation target.
CNBC commentator Jim Cramer has publicly supported Anthropic's potential $2 trillion IPO valuation. He argues that such a figure is justifiable if backed by robust revenues, cautioning against viewing it as a market bubble and highlighting that sustainable high multiples are achievable for rapidly growing AI companies.
This news follows OpenAI's recent $7 billion share buyback. Meanwhile, Anthropic has reportedly explored a substantial debt financing package, potentially around $36 billion, tied to the use of Alphabet's Google chips, with Blackstone involved in early discussions regarding investor demand.
