OpenAI And Anthropic Are Preparing For IPOs—Here’s How They Stack Up
OpenAI and Anthropic have both confidentially filed for historic IPOs. Discover how their valuations, revenue growth, and corporate strategies compare before they go public.
- OpenAI's confidential IPO filing values the company at over $150 billion, based on secondary market trades and revenue projections of $3.4 billion in 2024.
- Anthropic's IPO targets a $40 billion valuation, with 2024 revenue estimated at $850 million, primarily from enterprise contracts and API usage.
- Both companies are structured differently: OpenAI as a capped-profit entity (investor returns limited to 100x) and Anthropic as a Public Benefit Corporation with a charter to prioritize safety.