AI
Anthropic's $965B valuation and 2028 revenue projections become the IPO reference frame
Wall Street banks preparing Anthropic's late-September or October listing are anchoring valuation discussions to a $190-200 billion 2028 revenue projection rather than its current $47 billion run rate, two people familiar with the company's financials told Reuters. The May Series H priced Anthropic at $965 billion post-money, with total private funding now past $130 billion, and the IPO is being positioned to clear close to $2 trillion in a tight-float offering.