OppHub America Desk · · Source: yahoo-tickers-tape-movers
Anthropic IPO Target Faces Skepticism Amidst Supply Concerns
If market strategists warn of dangerous revenue multiples for upcoming IPOs, investors may want to monitor established players that have demonstrated strong growth and consistent performance. For example, Palantir (N: ) has shown substantial revenue increases and raised its full-year guidance, though its shares are down year-to-date.
Based on reporting from yahoo-tickers-tape-movers.
Top market strategist Mike O'Rourke warns Anthropic's ambitious IPO valuation could be perilous due to impending supply increases from major AI players. He highlights the risk of overpaying for assets amid a potentially crowded market for new listings. The valuation is benchmarked against companies like Palantir, which has also seen significant revenue growth.
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JonesTrading Chief Market Strategist Mike O'Rourke has voiced concerns regarding Anthropic's potential initial public offering (IPO) valuation, suggesting that a 40-50 times revenue multiple could be "dangerous." Speaking on CNBC's Morning Call Sheet on Monday, August 17, 2026, O'Rourke emphasized that the risk lies in the price investors are willing to pay rather than the quality of the AI company itself. He noted that Anthropic is reportedly pursuing an IPO based on 2028 sales projections of $190-200 billion.
O'Rourke also highlighted the significant supply pressure expected in 2026, with potential IPOs from SpaceX, Anthropic, and OpenAI. This influx of shares could impact market digestion. Co-guest Lee Baker commented on the "circular financing" model powering AI valuations, likening it to borrowing from Peter to pay Paul, a strategy that is unsustainable long-term.
Palantir Technologies (NASDAQ: PLTR) was cited as a comparable public company, trading at approximately 68 times sales following its Q2 2026 revenue of $1.935 billion, a 93% year-over-year increase. Palantir's U.S. commercial revenue grew 149% in the same period. Cloudflare (NYSE: NET) was also mentioned, having reported Q2 revenue of $696.1 million, up 36% year-over-year, with its shares advancing 60.17% year-to-date.
Nvidia (NASDAQ: NVDA) was identified as central to the circular financing debate, as it sits at the core of many AI ecosystem investments.
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Based on reporting from yahoo-tickers-tape-movers.
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