Summary:
- Anthropic IPO Roadshow Begins
- CNBC Reports 20% Of Shares Allocated For Retail
- Goldman Sachs Leading Investment Bank on IPO
- IPO Debut Next Thursday, Nov. 19
- Anthropic Launches $100 Billion IPO Worth $1.4 Trillion... Or $1.0 Trillion
Goldman Lead Bank On Anthropic IPO Projects Revenue Of $600 Billion By 2030
Goldman Sachs is the lead investment bank on the Anthropic IPO, with shares set to debut Thursday, Nov. 19. CNBC notes that 20% of shares have been allocated to retail investors and that pricing will be determined on IPO day.
With Anthropic's IPO roadshow underway, Goldman projects that Dario Amodei's chatbot company could generate more than $600 billion in annual revenue by 2030, according to a Financial Times report.
Goldman expects revenue of about $52 billion this year, $136 billion in 2027 and $442 billion in 2029. The 2030 target would represent more than 130 times the company's $4.6 billion in 2025 sales.
That extraordinary pace of growth comes with massive cash demands. Goldman projects free cash outflows of $12.8 billion in 4Q26 and $65.7 billion in 2027. It expects annual free cash flow to turn positive in 2030, reaching $33.6 billion, as Anthropic works through a staggering $900 billion in computing commitments.
Operating losses are projected to peak at around $40.4 billion in 2027 before turning into an operating profit in 2029. Goldman estimates
