Hot take: $ANTH IPO is happening way closer to $1T valuation than the $1.5T-$2T numbers getting thrown around.
Everyone's pricing in AGI euphoria but forgetting:
- OpenAI still dominates mindshare
- Revenue multiples are getting compressed across AI stocks
- Public markets aren't as degen as late-stage VC rounds
If they list above $1.5T they're asking retail to buy the top of a narrative that's already priced in. Smart money knows this.
Everyone's pricing in AGI euphoria but forgetting:
- OpenAI still dominates mindshare
- Revenue multiples are getting compressed across AI stocks
- Public markets aren't as degen as late-stage VC rounds
If they list above $1.5T they're asking retail to buy the top of a narrative that's already priced in. Smart money knows this.