An Anthropic IPO Could be Here Sooner Than We Thought!

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 4 December 2025

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

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Summary

We’ve seen some sky high valuations among AI companies lately, and it appears that Anthropic wants to use investor optimism to go public as early as next year. Competition among Anthropic, OpenAI, and many other artificial intelligence companies is heating up and could have profound impacts on investing decisions. Tyler Crowe, Matt Frankel, and Jon Quast discuss: - Anthropic’s IPO - The competitive landscape of the large language models - Klarna’s Buy Now, Pay Later offering looking more and more like a credit card - Stocks on our radar Companies discussed: CRWV, FRMI, GOOGL, NVDA, MSFT, META, RIVN, KLAR, SEZL, AMEX, V, MA, KNSL, ALMU, BMI Host: Tyler Crowe Guests: Matt Frankel, Jon Quast Engineer: Dan Boyd Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We’re committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Anthropic beats Open AI to this one major milestone.
0:08.8	This is Motley Full Money.
0:10.0	Welcome to Motley Full Money. My name is Tyler Crow. Today I'm joined by longtime Fool contributors, Matt Frankel and John Kwasth. Today, we're going to cover our typical smattering of topics. We're going to go looking at the buy now, pay later space because of some recent news from Clarna. We're going to do our typical Thursday
0:38.3	stocks on our radar. But first, we're going to start with news coming out of Anthropic.
0:44.3	Open AI's chief competitor, Anthropic, has recently hired lawyers and has been in contact
0:49.8	with investment bankers about an IPO that could occur as soon as 2026. It could end up being the
0:57.7	largest IPO ever, or at least in the top five. Now, there's been a lot of hype for
1:05.2	AI-related IPOs this past year in 2025. We've seen companies like CoreWeave go for almost $100 billion,
1:13.6	or at least what they were looking for. We've seen companies like Fermi, a lot of pre-revenue
1:17.3	companies in the AI kind of picks and shovel space going for massive valuations, even though
1:23.1	they really haven't done anything yet other than put a plan on paper, and we're getting these
1:27.9	very ambitious valuations. Matt, I have to assume that with this IPO Anthropics looking at,
1:35.2	they're looking for a big payout here, right? Yeah, I love the word you used ambitious valuations,
1:40.7	because Anthropic is having, they're having success getting money in the private
1:46.0	markets. So, in my opinion, they would be wanting to step it up a bit. Right now, they're
1:52.1	valued at about $350 billion, reportedly, in an ongoing funding round to which Microsoft and
1:58.4	Nvidia have already committed $15 billion. So it's not like they can't raise money privately.
2:03.6	But this is up from $183 billion evaluations, almost double in a September funding round.
2:10.6	So it really shows you the magnitude of hype surrounding these big AI players.
2:14.6	Now, it's not as a anthropic as a pre-revenue business, so it's making
2:19.5	money. It expects to end this year with $9 billion in annual recurring revenue,
2:24.8	management's projecting that to rise to over $20 billion next year, and they have a pretty
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