Bloomberg Intelligence analyst Mandeep Singh discussed a $1.2 trillion–$1.3 trillion valuation range for Anthropic’s prospective IPO in a Bloomberg Television interview published November 6. He also cited estimates of roughly $80 billion in annual recurring revenue at October’s end and about $5 billion added during October.
Singh’s valuation view after the sell-off
The Wall Street Journal reported on November 5 that investors were pushing for a valuation of about $1.5 trillion–$1.6 trillion, down from earlier figures near $2 trillion. In the interview the following day, Singh said investors were discussing $1.2 trillion–$1.3 trillion and that reaching $1.5 trillion or $2 trillion would be difficult.
NeoTeo previously covered Anthropic’s S-1 filing and IPO finances; Singh’s interview adds a later view of market valuation expectations.
The ARR figures Singh cited
ARR, or annual recurring revenue, is an annualized measure of recurring revenue. Singh cited approximately $80 billion in ARR at the end of October and said the figure had increased by about $5 billion during that month. Those are Singh’s estimates, presented alongside his lower valuation range.
Singh paired a lower valuation discussion with an estimate of about $5 billion in added ARR during October.
Kalshi’s earlier filing-deadline odds
On November 5, Yahoo Finance reported Kalshi’s implied probabilities for an Anthropic IPO filing by two separate deadlines. Each figure reflects a market snapshot for its stated deadline.
| Filing deadline | Earlier snapshot | November 5 snapshot | Change |
| November 30 | 84% | 60% | −24 percentage points |
| December 31 | 90% | 74% | −16 percentage points |
The contracts tracked the chance of a filing by November 30 or December 31, respectively.
