Part of Anthropic's IPO filing reveals $2-for-$1 compute economics, huge spending commitments · 4 stories · since Oct 26 · newest 4d ago
Anthropic's IPO filing reveals $2-for-$1 compute economics, huge spending commitmentsCNBC outlines unresolved questions ahead of listing
5 Oct 30 8:27 AM · 9d ago · 24 articles · 38 posts · 24 comments · 7 sources · development 5 of 5
CNBC analysis said major uncertainties remain despite the prospectus, calling the offering one of the most hotly anticipated IPOs in history.
Dario Amodei CEO and co-founder of AnthropicDaniela Amodei President of AnthropicSean Foote Venture capitalist, UC Berkeley facultyRobert Hendershott Santa Clara University professor
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What was reported 2 claims about this development
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first by Bloomberg Markets, 6d ago · also Bitcoin Insider, Reuters, Investing.com News, Channel News Asia, CoinGape, Bloomberg
4 more headlines
- Anthropic Reportedly Plans $3.5 Billion Share Sale to Japanese Investors Before Nasdaq Listing Bitcoin Insider · 6d ago
- Anthropic plans to sell $3.5 billion of shares to Japan investors in IPO, filing shows Reuters · 6d ago
- Anthropic Plans to Sell Up to $3.5 Billion in Shares to Japanese Investors Ahead of US IPO CoinGape · 6d ago
- Anthropic Plans to Sell Up to $3.5 Billion of Shares to Japanese Investors as Part of US IPO, Filing Shows Political.org · 6d ago
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first by CNBC, 9d ago
What people said 24 voices · best of 41 · verbatim
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The Financial Times report Anthropic’s IPO is now likely to receive a Junk credit rating, according to the anchor investor in the deal. Anthropic, Blackstone, KBRA, Morningstar DBRS and S&P declined to comment. Fitch and Moody’s did not respond to requests for comment. https://www. ft.com/content/59383c7f-8d82-4 93f-bf01-d2e862a1018f?syn-25a6b1a6=1
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BREAKING: Anthropic is now expected to receive a "high junk" rating from major credit rating agencies after its IPO, which could come as soon as November, per FT. Details include: 1. Blackstone has told investors that Anthropic likely will not receive an investment-grade rating
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"Anthropic expected to receive high ‘junk’ rating from credit agencies following IPO, FT report says" techcrunch.com/2026/10/30/a... @techcrunch.com
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Unlikely Anthropic able to repay. Take a look at their cost of production. GPU data centers which need huge capex and depreciate to near zero roughly every 3 years (though they try to trust-me-bro to 6). Even if you ignore the cost as gifted by Uncle Sam, they still runs into huge electrical consumption. You can't code away electricity. You can…
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200? I was thinking more of 5000. except you don't need that many programmers then. cut the free tiers, squeeze the money out of corpos and there you go, a profitable company. I can guarantee, the premium of 5k is well worth if for a corporation, comparing the code quality of claude to any of the competition
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AHAHAHA the Anthropic share offering is likely to get a Junk rating, i.e. not investment grade wonder how that affects index listing https://www. ft.com/content/59383c7f-8d82-4 93f-bf01-d2e862a1018f (no archive yet worry)
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BREAKING: Anthropic could get a junk credit rating despite its planned mega-IPO, per FT Blackstone has warned investors that Anthropic may receive a below-investment-grade credit rating after its IPO, reversing earlier expectations.
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I wonder how ruthless some people will be to still try and make a huge profit from this IPO despite the major risks. Remind anyone of a certain banking crisis?
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I feel even a "high junk" rating for debt issued by an LLM company is far too generous. A bond rated "BB" by S&P would be typical of the safest of the junk bonds. Historically, such bonds have about a 10% risk of default over 10 years: https://investmentgrade.com/bond-ratings/While I'm willing to believe that Anthropic common stock might somehow…
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Even if all programmers on planet earth were paying Anthropic 200$ per month that would be super far from paying all the investment back.
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Imagine planning a $1.5T IPO but having the corporate equivalent of a poor credit score. That’s Anthropic. Blackstone previously expected Anthropic to earn an investment-grade credit rating before 2027. Now it expects a junk rating even after the IPO. A company’s valuation and its ability to repay debt are two different things. https://…
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🚨BREAKING: Anthropic plans to sell up to $3.5 billion in new shares to Japanese investors through its US IPO, a filing released today shows, Reuters reports. If fully sold, that would be 59% more than the $2.2 billion Japanese investors secured in SpaceX's record $75 billion IPO in June.
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Junk to slow Anthropic Slop? Financial Times reporting that Anthropic might be a junk grade stock at IPO. Might prevent its plan to spend $ 1 trillion dollars on data centre build out.
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By reading the comments I wonder if perhaps OAI & ANT are not going to be “model” companies and they are going to be the ones innovating in many fronts and cashing in for the benefits of those advancements…What I’m trying to say here is, what if, they are staying closed strategically so they keep their most advanced models close to their chest…
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It doesn’t matter. These companies all believe they have infinite ROI. They’ll keep borrowing at whatever costs until they win or die.
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Blackstone says Anthropic might not be able to reach investment grade when it goes public. It’s already said it will need to borrow money right away, like SpaceX borrowed $80B two weeks after their IPO. This means they’ll have to pay loan-shark interest rates for money they couldn’t afford to borrow in the first place. WHAT COULD POSSIBLY GO WRONG…
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Anthropic plans to sell up to $3.5B in shares to Japanese 🇯🇵 investors as part of its upcoming U.S. IPO. The Japanese offering is part of a broader international share sale, with Anthropic also planning to offer shares in Australia, Canada, parts of Europe and the UK.
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IPO to junk, what a way to start. Anthropic expected to receive high ‘junk’ rating from credit agencies following IPO - a double B range rating, the top tier of speculative “junk” grade.
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It's a memestock.Think about it. Google's latest Gemini AI is just behind Anthropic's best offering -- or, in fact, it may be slightly superior. Google also has dozens of other mature, cash-cow businesses, massive infrastructure, their own hardware accelerators, an army of smart technical staff... and leadership that, for all its faults, isn't a…
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The $80b is from convertible bonds that turned into equity. They no longer owe that money, it's equity for the lenders.
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"Our core product may end humanity." - Anthropic's actual IPO OMG 🤣 You will not regret watching this bit by Patrick Boyle who is a treasure & must be protected. ▶️ What Anthropic’s IPO Filing Actually Says https:// youtube.com/watch?v=Ic1Jf7VlXRM # patrickboyle # anthropic # ipo
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Anthropic announced today that it plans to raise up to $3.5 billion (approx. ¥552.8 billion) in Japan through an IPO. It exceeds the amount raised by SpaceX, which went public in June, by 60% and would be the largest foreign IPO in Japan.
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It makes me feel a bit cynical to say this: but the strength of advertising as a business smacks to me of the general inequality we find ourselves in.I’d love to live in a world where creating something of real value to average humans outweighs what advertising has been appraised at - which id describe primarily as offering value to businesses…
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Sure, they're sitting on cash - but their sales are not continuing at that point.
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