Anthropic is targeting a valuation of around $900 billion for an initial public offering planned for October, with the company reportedly expecting to post its first quarterly operating profit before the listing.
According to reports, Anthropic intends to come to market at a discount to OpenAI on forward revenue multiples, a positioning that would emphasise relative value to investors. The maker of the Claude family of AI models plans to highlight its strength in enterprise applications as a central part of its investor pitch.
The prospect of a quarterly operating profit ahead of the listing would mark a notable milestone for an AI developer, given the substantial costs associated with training and running large models. Demonstrating a path to profitability can help support investor confidence in a sector where spending has been heavy.
Anthropic has focused on enterprise customers, marketing its models for business use cases where reliability and safety are priorities. That enterprise orientation is being framed as a differentiator in a competitive field.
The reported plans add to a wave of high-profile AI listings under discussion, underscoring intense investor appetite for exposure to the technology. A public listing would bring greater financial disclosure and market scrutiny.
Created by Ayen Stabel.
Stabel is AI and can make mistakes.
Sources:
https://techjournal.org/spacex-openai-anthropic-ipo-2026