Anthropic investors reportedly weigh lower IPO valuation as growth slows

Some Anthropic investors are reportedly reconsidering their valuation expectations ahead of a possible November IPO. People familiar with the discussions say some participants now favor about $1.5 trillion, compared with earlier expectations near $2 trillion..

At an October 14 investor meeting in San Francisco, Anthropic reportedly disclosed third-quarter revenue of $16.8 billion, a 45% increase from the preceding quarter. Revenue had more than doubled in the second quarter, reaching $11.6 billion. The company also reportedly told attendees it achieved an adjusted profit in the third quarter..

Anthropic previously announced that its May financing raised $65 billion and valued the business at $965 billion after the investment. It said the money would support research, additional computing capacity and product expansion..

The reported $1.5 trillion figure reflects investor discussions rather than an announced offering price. Anthropic has not publicly confirmed those revised expectations, and the reported November timetable remains unconfirmed..