Anthropic will be 'most ridiculous IPO' of year, analyst says
Anthropic's pre-IPO valuation is drawing skeptic fire. One bearish analyst just called it the year's 'most ridiculous'—and advised investors to sit it out.

Why it matters
Anthropic is reportedly targeting a Nasdaq listing before Thanksgiving, but analyst commentary on valuation discipline and market timing is diverging sharply. Enterprise buyers should track how IPO pricing affects Anthropic's product roadmap, consumption-unit economics, and competitive positioning against OpenAI and Google.
The key facts
4 to knowAnthropic targeting Nasdaq listing before Thanksgiving 2026
Bearish advisory firm warns investors to avoid the IPO
Analyst characterizes valuation as 'most ridiculous IPO of year'
No specific IPO price, revenue, or valuation figures disclosed in reporting
The story so far
Earlier coverage of this storyline
- Anthropic's IPO Can't Wait ForeverNewcomer (VC)
- This story
Go to the source
CNBC Technologycnbc.com
Publisher excerpt: Anthropic reportedly plans to list on the Nasdaq before Thanksgiving, and one bearish advisory firm suggests that investors sit this one out.