📰 IPO

Fast Company

Fast Company and PitchBook contrast Anthropic's $11.6 billion quarter with $430 billion in non-cancelable compute contracts as retail investors are invited into the IPO.

IPO

Business Insider

Alphabet's worst day since its 2004 IPO followed search revenue growth slowing from 19% to 12% over three quarters.

IPO

Refacto AI

Anthropic's filing pairs 85% gross margins and 900% net retention with $417 billion in non-cancelable compute commitments.

IPO

Business Insider

Anthropic's ability to run on four chip families could give AI labs more pricing leverage over Nvidia.

IPO · AI

CNBC

Jio Platforms rose more than 21% in its debut, becoming India's second most valuable company.

IPO

Semafor

Semafor's Liz Hoffman calls the prospectus an ink-blot test: fast, efficient growth to believers, rising costs and huge liabilities to skeptics.

IPO

Digiday

Anthropic's advertising spend rose from $33 million in 2024 to $147 million last year, according to the S-1.

Advertising · IPO

Refacto AI

Refacto argues Anthropic's headline loss is mostly a convertible-debt artifact and flags the undisclosed related-party revenue from Amazon and Google.

IPO

The Washington Post

Anthropic's IPO filing shows an $81 billion first-half loss and more than $400 billion in future chip and data center commitments.

Data centres · IPO

The New York Times

The Times highlighted Anthropic's 14-fold growth alongside its losses as it prepares to list.

IPO

Business Insider

The tech selloff, which shaved nearly 3% off the Nasdaq 100 in a day, is pushing companies to rethink IPO plans.

IPO

The Wall Street Journal

Anthropic's draft S-1 shows $16.3 billion in first-half revenue alongside $450 billion in cloud commitments and a long list of risk factors.

IPO

Reuters

Anthropic's revenue rose 45 percent to $16.8 billion, but investors are discussing a roughly $1.5 trillion IPO valuation, below earlier $2 trillion talk.

IPO

The AI Furnace

The AI Furnace rounds up Anthropic's IPO doubts, enterprise AI token costs and Character AI's bankruptcy.

IPO · AI

Fortune

Further reading from the day's section on What I'm reading next.

IPO

Business Insider

Business Insider says Anthropic's crackdown on distillation copycats may have slowed its revenue growth ahead of its IPO.

IPO

Business Insider

Anthropic told prospective IPO investors its third-quarter revenue reached $16.8 billion, up 45% from the second quarter.

IPO

Forbes

Beijing's Moonshot is targeting a $50 billion Hong Kong IPO but faces an equity dispute with former shareholders.

IPO · AI

Pathfounders

Monzo's collapsed sale, Oura's pulled IPO and ElevenLabs' tender show how hard it is for European tech to go public.

IPO

Business Insider

Burry argued blocking the IPOs would be good for humanity because the companies would destroy trillions of dollars of capital.

IPO · AI

Yahoo Finance

The prediction market nearly quadrupled its December valuation on a reported $4 billion annualized revenue run rate ahead of a possible 2027 IPO.

Sports betting · IPO

Business Insider

Anthropic's leaked prospectus shows $4.6 billion in revenue, a $42 billion net loss, $7.3 billion in compute spending and $518 billion in forward commitments.

Data centres · IPO

Business Insider

Business Insider argues a slowdown gives labs a built-in excuse for missed targets just as Anthropic and OpenAI approach IPO-level disclosure.

IPO · AI

Business Insider

Anthropic has selected Nasdaq for its potential IPO even as its CEO calls for pacing frontier AI development.

IPO · AI

Refacto AI

Refacto AI asks whether Anthropic's IPO filing must disclose its leaders' stated greater-than-10% catastrophe odds and questions OpenAI's automated research intern claim.

IPO · AI

Business Insider

Altman called now an ill-advised moment to go public, while Anthropic prepares to list as soon as October.

IPO · AI