Exclusive-Anthropic IPO valuation hinges on $190-200 billion 2028 revenue forecast, sources say

JUST IN: Anthropic's IPO valuation hinges on a projected $190-200 billion in 2028 revenue, according to sources.

Anthropic wants its IPO priced off two hundred billion dollars of revenue. Revenue it doesn't have yet. Sources say the Claude maker's valuation hinges on a forecast of 190 to 200 billion dollars in 2028, and that number is doing all the heavy lifting in this listing.

Think about what that means. Dario Amodei's company is asking investors to underwrite where it might be in two years, not where it is today. In AI right now, that's almost normal. Everyone in this sector is selling the curve, not the current quarter.

But here's what I'd hold onto. A forecast that big isn't just a projection, it's the whole valuation. If Anthropic lands anywhere short of it, the entire price was built on air. And every AI company watching this IPO is about to learn what the market really believes.

This is Sara White, reporting for HIT.

Source Read the original reporting at channelnewsasia.com