Anthropic opens IPO roadshow with $64.35 billion target

Anthropic's roadshow pitch will likely lean on growth: according to its IPO filing, it generated about seven times more revenue during the first nine months of the year than in all of 2025. The company is not relying only on new model releases to sustain that trajectory. It also introduced three productivity tools alongside the roadshow launch — Claude Meetings for video conferences, Claude Whiteboard for brainstorming and revisions, and Claude Sheets, a spreadsheet editor with a natural language interface — while Claude Data, previously known as Claude Dashboards, moved into general availability.

Goldman Sachs, one of the IPO's lead underwriters, reportedly estimates that Anthropic will end the year with about $52 billion in revenue and expects that number to grow more than tenfold by 2030, according to the Financial Times. The bank reportedly also believes Anthropic will achieve positive free cash flow in the same time frame.

The listing arrives with backing from Anthropic's own supply chain: seven top suppliers will buy $26 billion worth of shares through a private placement. Reuters reported that TSMC also plans to invest $500 million in OpenAI's IPO, suggesting large chipmakers are placing bets across competing AI developers.