Anthropic's IPO Was Just Delayed to November. Here's the One Number That Has Me Even More Excited.
Anthropic's rapidly rising revenue is compressing its valuation multiple.
Overview
AI start-up Anthropic recently pushed back its planned IPO date from October to November. The maker of the Claude AI chatbot is still reportedly seeking to raise $100 billion at a $2 trillion valuation. That would make it an even bigger IPO than the record $75 billion raised by SpaceX (NASDAQ:SPCX) at its $1.8 trillion IPO valuation.
Aside from the IPO date, one exciting change is Anthropic's updated annualized revenue expectation, which the company expects will top $110 billion by year-end. That would significantly lower its IPO valuation multiple, especially compared to SpaceX's when it went public earlier this year.
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Originally published at www.fool.com.