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Edward Dowd, founding partner at OceanSquare Asset Mgmt and ex-BlackRock executive, highlights that Anthropic is targeting a $2 trillion valuation for its upcoming IPO.
He points out that such high expectations may be less than ideal ahead of the company's planned road show.
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Dowd previously cautioned that widening bond spreads are pushing up the cost of financing for companies pursuing unprofitable expansion, amid a slower bond market here. He has also flagged concerns regarding heavy company losses and planned non-cancellable spending reaching $500 billion ahead of a potential $100 billion IPO here. These earlier observations frame his skepticism about lofty valuation targets in upcoming public offerings.