INVESTORS TEMPER ANTHROPIC IPO VALUATION EXPECTATIONS OVER REVENUE GROWTH SLOWDOWN , SOURCES SAY

What happened: Some Anthropic investors and prospective IPO investors are weighing a valuation of around $1.5 trillion, below the roughly $2 trillion previously expected for the November share sale, after the company's latest financial disclosures. Key numbers: Q3 revenue rose 45% to $16.8 billion from the prior quarter; Q2 revenue was $11.6 billion; last year revenue nearly $4.6 billion; 2025 Why it matters: Investors were disappointed by the slowing sequential growth rate, and a cooler IPO reception could weigh on the wider AI market, which investors see as hinging on the sale's success. Coverage: 6 outlets in 24h

Some Anthropic investors and prospective IPO investors are weighing a valuation of around $1.5 trillion, below the roughly $2 trillion previously expected for the November share sale, after the company's latest financial disclosures.

Investors were disappointed by the slowing sequential growth rate, and a cooler IPO reception could weigh on the wider AI market, which investors see as hinging on the sale's success.