Anthropic launches roadshow for proposed initial public offering

Are they saying what the target valuation is?

Why do their models always get Nerf'ed? Is Anthropic doing planned obsolescence or are they trying to encourage use of their latest models? Opus 5.5 was clearly Nerf'ed last week. I think they are at risk of getting a class action lawsuit for deceptive practices with this unannounced "model optimization" that actually changes performance as compared to the advertised performance in the official model cards.

Valuation at 968B plus green shoe?

Anyone else feel incredibly left out?

Some more structured stats on the IPO, valuation, and compute commitments: https://www.kadoa.com/companies/insights/anthropic-ipo-prici...

I'm sure they'll do well, but I just can't get behind the investment thesis. Eventually the LLMs will plateau. Specialized expert models will dominate each knowledge area, because they can handle specific tasks without as much overhead. Then the swarm of agents will be burned onto silicon to reduce interference costs. Every X time intervals both the models and silicon will evolve, but less frequently than in the wild-west environment of today. Instead of new models every 3 days, we'll see a new set of models on a hardware release cadence. You'll be able to customize your model by mixing and matching expert model chips.

Software > hardware is a hell of a pivot, and Alphabet and Meta already do hardware. Unless they are building a huge IP moat and have proven themselves competitive with hardware, I don't see the rosy future.

> The initial public offering price is expected to be between $70.00 and $78.00 per share.

finally, a number analysts can obsess about until the IPO launches

https://x.com/findatasets/status/2120145211733180753

All these valuations seem nuts to me, but who knows. Maybe there's some reason big enterprise will keep shoveling money into the Anthropic furnace to avoid downloading GLM.

Am I reading this right that the 7 cofounders are all cashing out day one? Lol.

Griftfest 2026 is on the road!

"The proposed offering consists of 825,000,000 shares of Class A common stock. Of these, 801,351,354 shares are being offered by Anthropic and 23,648,646 shares are being offered by certain existing stockholders. Anthropic will not receive any proceeds from the sale of shares by the selling stockholders."

WTF - so basically insiders / investors are dumping their stock on dumb money retail investors / our 401ks and the company is getting NOTHING?

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