https://www.live-feeds.com/feed/most-ridiculous-ipo-of-2026-the-bear-case-on-the-anthropic-ipo-valuationContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/most-ridiculous-ipo-of-2026-the-bear-case-on-the-anthropic-ipo-valuationhttps://www.live-feeds.com/feed/most-ridiculous-ipo-of-2026-the-bear-case-on-the-anthropic-ipo-valuation#u137581Mon, 19 Oct 2026 22:51:40 +0000Anthropic is targeting a pre-Thanksgiving IPO with a valuation between $1.8 trillion and $2 trillion, though research firm New Constructs calls it the most ridiculous IPO of 2026. New Constructs estimates the company's fair value as low as $144 billion, arguing a $2 trillion valuation would require profits twice those of Nvidia by 2035. While Anthropic reported third-quarter revenue of $16.8 billion, investors are tempering expectations due to a slowdown in revenue growth. The listing is viewed as the last major AI IPO for the year following OpenAI's delay.Why it mattersThe valuation