--- title: Anthropic’s $2trn IPO is priced below what AI stocks... description: Investors reportedly expect Anthropic to seek a $2 trillion valuation in an October IPO, based on annualised revenue that passed $47bn in May, with projections... canonical: https://daily.dev/posts/anthropic-s-2trn-ipo-is-priced-below-what-ai-stocks-already-fetch-18qxen7ss twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Anthropic’s $2trn IPO is priced below what AI stocks already fetch | daily.dev og:description: Investors reportedly expect Anthropic to seek a $2 trillion valuation in an October IPO, based on annualised revenue that passed $47bn in May, with projections... og:url: https://daily.dev/posts/anthropic-s-2trn-ipo-is-priced-below-what-ai-stocks-already-fetch-18qxen7ss og:image: https://api.daily.dev/og/posts/18qXeN7SS.png og:image:alt: Anthropic’s $2trn IPO is priced below what AI stocks already fetch og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Anthropic’s $2trn IPO is priced below what AI stocks already fetch **[The Next Web](https://daily.dev/sources/tnw)** · 5 min read · 0 upvotes · 0 comments ## Summary Investors reportedly expect Anthropic to seek a $2 trillion valuation in an October IPO, based on annualised revenue that passed $47bn in May, with projections of $100bn-$120bn by end of 2026. That implies roughly 43x disclosed revenue, below the ~55x multiple AI-linked stocks like Palantir and Nebius already command. Anthropic itself hasn't confirmed a target and is in a quiet period after confidentially filing with the SEC. Risks include active litigation with the Department of Defense, June export controls that briefly forced Anthropic to pull its Fable 5 and Mythos 5 models and slowed revenue growth, and customers balking at costs (Anthropic's flagship model costs over 2.5x OpenAI's) amid competition from cheaper Chinese open-weight models. Morgan Stanley, Goldman Sachs and JPMorgan are reportedly leading the offering. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### What valuation are investors expecting for Anthropic's IPO? Investors expect around $2 trillion when Anthropic lists, reportedly in October. That figure comes from six backers who spoke to the Financial Times, not from Anthropic itself, since senior executives have not settled on a target even privately. Morgan Stanley, Goldman Sachs, and JPMorgan are said to be leading the offering. _Track how AI valuations and IPO news develop by following Anthropic coverage on daily.dev._ ### How much revenue has Anthropic disclosed and how does that compare to its expected IPO valuation? Anthropic disclosed annualised revenue passing $47bn in May, and a $2 trillion valuation would put it at roughly 43 times that figure. Investors expect revenue to reach $100bn-$120bn by the end of 2026. For comparison, AI-linked stocks like Palantir and Nebius have traded around 55 times revenue this year, making 43x seem conservative by that yardstick. _Developers evaluating AI vendor pricing and stability can follow revenue and valuation context on daily.dev._ ### Why did Anthropic temporarily pull its Fable 5 and Mythos 5 models? Anthropic briefly pulled Fable 5 and Mythos 5, its two leading models, after the Commerce Department hit the company with export controls in June. Two investors told the Financial Times the temporary ban slowed revenue growth that month before the company rebounded, and the episode also unsettled customers who had built products on those models. _Teams building on Anthropic's models can track regulatory and availability risks via daily.dev._ ## Similar posts on daily.dev - [Anthropic eyes a $900b valuation in a potential $50b round](https://daily.dev/posts/anthropic-eyes-a-900b-valuation-in-a-potential-50b-round-7z63n5bpl) · The Next Web · 0 upvotes · 1 comments - [Anthropic raises $65 Billion, nears $1T valuation ahead of IPO](https://daily.dev/posts/anthropic-raises-65-billion-nears-1t-valuation-ahead-of-ipo-sgkrla5x1) · TechCrunch · 10 upvotes · 4 comments --- Tags: [#venture-capital](https://daily.dev/tags/venture-capital), [#claude](https://daily.dev/tags/claude), [#anthropic](https://daily.dev/tags/anthropic), [#ipo](https://daily.dev/tags/ipo) [View this post on daily.dev](https://daily.dev/posts/anthropic-s-2trn-ipo-is-priced-below-what-ai-stocks-already-fetch-18qxen7ss) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Anthropic’s $2trn IPO is priced below what AI stocks already fetch","url":"https://daily.dev/posts/anthropic-s-2trn-ipo-is-priced-below-what-ai-stocks-already-fetch-18qxen7ss","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/anthropic-s-2trn-ipo-is-priced-below-what-ai-stocks-already-fetch-18qxen7ss"},"datePublished":"2026-08-13T16:49:08.835Z","dateModified":"2026-08-17T01:59:10.608Z","description":"Investors reportedly expect Anthropic to seek a $2 trillion valuation in an October IPO, based on annualised revenue that passed $47bn in May, with projections...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/997a6fafbbbe1e5fd54e847c3e6d12d2?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/997a6fafbbbe1e5fd54e847c3e6d12d2?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"The Next Web","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"The Next Web","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tnw","url":"https://daily.dev/sources/tnw"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/anthropic-s-2trn-ipo-is-priced-below-what-ai-stocks-already-fetch-18qxen7ss","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"venture-capital,claude,anthropic,ipo","timeRequired":"PT5M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"The Next Web","item":"https://daily.dev/sources/tnw"},{"@type":"ListItem","position":3,"name":"Anthropic’s $2trn IPO is priced below what AI stocks already fetch"}]} {"@context":"https://schema.org","@type":"FAQPage","@id":"https://daily.dev/posts/anthropic-s-2trn-ipo-is-priced-below-what-ai-stocks-already-fetch-18qxen7ss#faq","mainEntity":[{"@type":"Question","name":"What valuation are investors expecting for Anthropic's IPO?","acceptedAnswer":{"@type":"Answer","text":"Investors expect around $2 trillion when Anthropic lists, reportedly in October. That figure comes from six backers who spoke to the Financial Times, not from Anthropic itself, since senior executives have not settled on a target even privately. Morgan Stanley, Goldman Sachs, and JPMorgan are said to be leading the offering. Track how AI valuations and IPO news develop by following Anthropic coverage on daily.dev."}},{"@type":"Question","name":"How much revenue has Anthropic disclosed and how does that compare to its expected IPO valuation?","acceptedAnswer":{"@type":"Answer","text":"Anthropic disclosed annualised revenue passing $47bn in May, and a $2 trillion valuation would put it at roughly 43 times that figure. Investors expect revenue to reach $100bn-$120bn by the end of 2026. For comparison, AI-linked stocks like Palantir and Nebius have traded around 55 times revenue this year, making 43x seem conservative by that yardstick. Developers evaluating AI vendor pricing and stability can follow revenue and valuation context on daily.dev."}},{"@type":"Question","name":"Why did Anthropic temporarily pull its Fable 5 and Mythos 5 models?","acceptedAnswer":{"@type":"Answer","text":"Anthropic briefly pulled Fable 5 and Mythos 5, its two leading models, after the Commerce Department hit the company with export controls in June. Two investors told the Financial Times the temporary ban slowed revenue growth that month before the company rebounded, and the episode also unsettled customers who had built products on those models. Teams building on Anthropic's models can track regulatory and availability risks via daily.dev."}}]} ```