Key facts
- Investors are considering a lower valuation for Anthropic's IPO.
- The potential valuation is around $1.5 trillion, down from $2 trillion.
- Third-quarter revenue increased 45% to $16.8 billion.
Investors are tempering their valuation expectations for AI company Anthropic's upcoming initial public offering, with some now considering a valuation of around $1.5 trillion. This figure is a decrease from the previously anticipated $2 trillion valuation. The shift in investor sentiment is attributed to a slowdown in Anthropic's sequential revenue growth, as indicated by its latest financial disclosures. While the company reported a significant 45% increase in revenue to $16.8 billion in the third quarter, this growth rate fell short of the doubling of revenue observed in the second quarter, leading to investor disappointment.