Annualized Revenue Tops $100B as Anthropic Pushes Its IPO to November

Anthropic's annualized revenue for this year is now expected to exceed $100 billion, up sharply from $65 billion as of July. That growth rate is the core support behind rising IPO expectations. According to media reports, the company has pushed its listing back to November in order to disclose third-quarter operating figures before going public. From an issuer's perspective, choosing to wait for the data usually means being confident in what it will show. The targets remain unchanged — a raise of up to $100 billion at a valuation of roughly $2 trillion — and Nvidia is in talks to come in as a cornerstone investor at up to $10 billion, though terms could still shift. Worth noting is the internal tension. CEO Dario Amodei recently called for slowing the pace of frontier model iteration, a position that doesn't sit entirely comfortably alongside rapidly expanding compute spend and revenue targets. It also raises the odds that safety questions come up more often during the roadshow, which feeds into regulatory expectations and the eventual pricing range. Direct participation before listing is limited. The related concept ETFs vary considerably in how closely they track Anthropic, so any indirect position warrants a look at the actual holdings first. How sustainable do you think this growth rate is? Would you wait for the listing or take an indirect position now? Flexibly allocate across core U.S. tech equities and diversified RWA portfolios on Bitget — achieve efficient cross-asset allocation and precision risk hedging: https://www.bitget.com/promotion/futures-rwa