【The AI market has changed beyond recognition, yet Anthropic says it’s not picky about when to go public?】
In early November, AI tech stocks came under heavy selling pressure. Investors have already begun questioning the $1.5 trillion valuation, and some are even worried that Anthropic’s IPO may be forced to wait. Now Amodei has come out saying he doesn’t care which month the company goes public or what the market conditions are—and that he wouldn’t want the company valued even $1 above its true worth. That sounds nice, to say the least. After all, the main reason the company was in such a hurry to go public was that spending on AI computing power was becoming increasingly expensive.
$ANTHROPIC Third-quarter revenue was $16.96 billion, up 47% quarter over quarter, but growth had already slowed sharply from 144% in the second quarter. Spending on computing power and infrastructure reached $9.9 billion during the same period, while the company’s commitments under future computing contracts approached $900 billion, with around $70.7 billion due over the next 12 months. This scale of investment is the real reason it’s eager to tap the capital markets.
Of course, as of the end of September, Anthropic still had around $131.8 billion in cash and short-term investments on its books, along with $14.8 billion in available credit lines, so it’s not about to run out of money and need a lifeline. But the AI computing arms race requires a long-term, steady supply of capital. You can’t wait until the money runs out to raise more.
IPO roadshow orders have now reached around six times the shares on offer, showing that the capital markets are still willing to bet on AI. Saying the company doesn’t care about the timing of its IPO looks more like a way to show investors it has leverage in negotiations. As for whether it really doesn’t care about market conditions, we’ll find out how genuine this confidence is when the final offering price is announced.
#AnthropicIPO认购达约6倍，或创上市融资纪录
In early November, AI tech stocks came under heavy selling pressure. Investors have already begun questioning the $1.5 trillion valuation, and some are even worried that Anthropic’s IPO may be forced to wait. Now Amodei has come out saying he doesn’t care which month the company goes public or what the market conditions are—and that he wouldn’t want the company valued even $1 above its true worth. That sounds nice, to say the least. After all, the main reason the company was in such a hurry to go public was that spending on AI computing power was becoming increasingly expensive.
$ANTHROPIC Third-quarter revenue was $16.96 billion, up 47% quarter over quarter, but growth had already slowed sharply from 144% in the second quarter. Spending on computing power and infrastructure reached $9.9 billion during the same period, while the company’s commitments under future computing contracts approached $900 billion, with around $70.7 billion due over the next 12 months. This scale of investment is the real reason it’s eager to tap the capital markets.
Of course, as of the end of September, Anthropic still had around $131.8 billion in cash and short-term investments on its books, along with $14.8 billion in available credit lines, so it’s not about to run out of money and need a lifeline. But the AI computing arms race requires a long-term, steady supply of capital. You can’t wait until the money runs out to raise more.
IPO roadshow orders have now reached around six times the shares on offer, showing that the capital markets are still willing to bet on AI. Saying the company doesn’t care about the timing of its IPO looks more like a way to show investors it has leverage in negotiations. As for whether it really doesn’t care about market conditions, we’ll find out how genuine this confidence is when the final offering price is announced.
#AnthropicIPO认购达约6倍，或创上市融资纪录