Anthropic pushes its IPO to November

Anthropic's listing has slipped from October to November, first reported by the Wall Street Journal. The company wants third-quarter results in hand before it prices, and its advisers think the numbers will help: analysts expect the quarter could be its first profitable one, and an ARK Invest estimate in August put its annualised revenue run rate above $74 billion.

The reported ask is roughly a $2 trillion valuation, with a raise that has been discussed at around $100 billion — bigger than SpaceX's record listing in June. OpenAI, which ruled out going public this year, is reportedly raising privately at more than $1.2 trillion instead.

The delay lands in an awkward month for the company: its CEO is publicly asking the industry to slow down while its bankers prepare a listing that assumes it does not. Critics have been blunt about that tension all week; supporters argue the opposite, that a public Anthropic would be the first frontier lab forced into real disclosure and governance.

• Reported The delay is attributed to wanting Q3 results in hand — a quarter analysts expect could be its first profitable one. Eastern Herald
• Reported The Wall Street Journal first reported the slip; OpenAI has also said it will not list this year. Investing.com