Anthropic's IPO priced on $190B 2028 revenue bet, four times May run rate
Anthropic is projecting $190-200 billion in 2028 revenue, roughly four times its publicized May run rate, and bankers are pricing the IPO off that two-year-out forecast, Reuters reports. It's a stretch multiple on growth investors are asked to underwrite, with Cloudflare, Palantir and SpaceX as reference points.