Analyst Calls Anthropic IPO 'Most Ridiculous' of 2026, Values Firm at $150B

Independent research firm New Constructs labeled Anthropic's potential IPO as the 'most ridiculous IPO of 2026,' valuing the company at just $150 billion versus a possible $2 trillion market cap. It argues Anthropic lacks a viable business and the IPO would mainly create liquidity for Wall Street backers.

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