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Anthropic reports revenue surge as it prepares for a potential $2 trillion IPO in October

Anthropic reported a significant revenue increase of more than 14-fold compared to the previous year, reaching over $11.5 billion for the second quarter. This growth underscores the rapid expansion of the Claude chatbot maker as it prepares for a potential initial public offering this fall. To justify a $2 trillion valuation, bankers are pricing the deal based on a projected 2028 revenue of $190 billion to $200 billion, skipping three years of actual results to bet on a sustained growth curve. While the company's current run-rate revenue grew from $9 billion to $47 billion in just five months, the forward-looking valuation is a bold move. Investors are comparing this to other recent mega-IPOs like SpaceX and Cerebras, which saw significant price drawdowns after initial excitement faded. Despite the uncertainty of a distant forecast, Anthropic's strong performance in coding and corporate tasks has established a solid foundation for its public market debut.

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