UltimateX

#AnthropicIPOMeetingsSkipFinancialsValuation Anthropic’s IPO is becoming a market-structure story, not just an AI headline. Bankers are arranging investor meetings, while Anthropic has confidentially filed its S-1. The last priced round valued it at $965B, with a reported $47B annualized revenue run-rate. Today, secondary markets reportedly imply ~$1.5T, while investors are discussing a $2T+ public valuation. The key question isn’t “How high can valuation go?” It’s whether revenue growth, enterprise retention, gross margins and compute efficiency can scale fast enough to justify it. That makes the upcoming S-1 critical. Public investors will finally see audited financials, cash burn, concentration risk and the economics behind Claude. This is where the hype meets the balance sheet.😎 $ANTHROPIC