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Anthropic's IPO deemed 'ridiculous' by research firm valuing it at $144bn
An independent research firm, New Constructs, has labeled Anthropic's anticipated 2026 IPO as 'the most ridiculous IPO of 2026,' estimating its equity value at $144 billion, significantly lower than the company's reported $2 trillion target. The firm contends that Anthropic's business model is unsustainable due to competition from open-source alternatives and high operational costs. However, analysts point to the company's rapid revenue growth and strong third-quarter performance, which complicates straightforward valuation assessments.
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