Key takeaways
Anthropic is reportedly holding an investor meeting at its San Francisco headquarters on Wednesday to disclose Q3 financial data.
The company has confidentially filed for an IPO, with a discussed valuation of about $1.8 trillion to $2 trillion.
A formal IPO roadshow could begin as early as November.
Anthropic plans to disclose its third-quarter financial results to institutional investors for the first time at a meeting at its San Francisco headquarters on Wednesday, local time, according to [source]. The figures are expected to serve as a key reference point for the company’s upcoming initial public offering.
Valuation Talk Reaches Up to $2 Trillion
Anthropic has previously filed confidentially for a public listing, with discussions reportedly valuing the company at roughly $1.8 trillion to $2 trillion. Full-year revenue could exceed $100 billion, according to the report.
Investors Watch Growth, Losses and Spending After OpenAI Revision
The disclosure comes shortly after OpenAI reportedly unsettled markets by changing how it reports revenue, cutting its figure from $70 billion to $50 billion after excluding revenue from cloud partners. Investors are expected to focus on Anthropic’s revenue growth rate, operating losses and capital expenditure to gauge the strength of its growth and its path to profitability. The company may launch its formal IPO marketing roadshow as early as November.