Anthropic Could Be a $1 Trillion IPO This Fall. These 2 Stocks Already Own a Piece.
You can't buy what may be the fall's biggest IPO yet. But two familiar publicly traded megacaps bought in years ago.
Overview
The next giant public offering is already in motion. Anthropic, the artificial intelligence (AI) company behind the Claude models, confidentially filed to go public on June 1, on the heels of a funding round that raised $65 billion at a $965 billion valuation. Its reported annualized revenue is approaching $50 billion, and a listing reportedly could come as early as this fall.
The trajectory behind those numbers has few precedents. Anthropic's reported revenue run rate was about $4 billion as recently as last July, and expectations reportedly call for $10.9 billion of revenue in the second quarter alone. Only a handful of companies listed on U.S. exchanges carry a market value above Anthropic's last private mark.
Details
Individual investors, of course, can't buy shares yet. But two of the market's most familiar names bought in years ago, and their stakes have quietly become staggeringly large paper windfalls: Amazon (NASDAQ: AMZN) and Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL).
Source
Originally published at www.fool.com.