Anthropic's US$100b IPO Week: Fable 5.2 and Mythos 5.2

Anthropic’s US$100b IPO Week: Fable 5.2 and Mythos 5.2

Quick Answer: The Anthropic IPO aims to raise up to US$100 billion (RM405 billion) in the week of November 16, which would be the largest IPO on record. The valuation is expected to top US$1 trillion, down from a high of US$2 trillion. For shareholders, Anthropic’s Q3 revenue of US$17 billion sits beside an operating loss of US$567 million.

Anthropic is aiming to hold its initial public offering the week of November 16. The Anthropic IPO could raise up to US$100 billion (RM405 billion), making it the largest IPO on record.

Why Is the Anthropic IPO Making Headlines?

Stock market trading screens illustrating the Anthropic IPO
Anthropic’s Wall Street debut is being watched as a gauge of AI spending.

The San Francisco-based lab’s Wall Street debut is expected to value it above US$1 trillion. That estimate has fallen in recent weeks from a high of US$2 trillion.

The debut is being seen as a gauge of how long the AI spending boom lifting the US economy can last.

What Are Fable 5.2 and Mythos 5.2?

Anthropic announced updated versions of Fable 5.2 and Mythos 5.2 this week. Both are built on the same underlying model.

The models can perform up to 30% faster than previous versions, especially on complex coding tasks. They cost 20% less, the company said.

  • Fable 5.2: Safeguards block most cybersecurity and biology tasks, so Anthropic can offer it to all users.
  • Mythos 5.2: Fewer restrictions, and available only to vetted organisations working in cybersecurity or biomedical research.

Why Were the First Fable and Mythos Models Pulled?

Both models were pulled days after their June launch. The US Commerce Department, citing national security concerns, ordered Anthropic to bar access by foreign nationals.

The controls were lifted weeks later.

How Fast Is Anthropic’s Revenue Growing?

Anthropic’s revenue reached US$17 billion in the third quarter, up from US$1.4 billion a year earlier, according to a securities filing.

Sales growth slowed from previous quarters. The company faces fierce competition from ChatGPT-maker OpenAI and cheaper models, many from China.

The company posted an operating loss of US$567 million in the third quarter as it paid more for short-term computing capacity.

What Risks Sit Behind the US$1 Trillion Valuation?

A broader market pullback followed a string of quarterly earnings reports that spooked investors. Those reports raised concerns about the hundreds of billions of dollars US tech giants are spending on AI.

Democrats regained control of Congress in the US midterms. That raised investor concerns about a potential regulatory crackdown on the tech industry, including data centre buildouts.

Ballot measures restricting data centre construction could hamper growth plans for Anthropic, OpenAI, Meta, Microsoft and Google.

Does the Anthropic IPO Involve Bursa Malaysia?

The source article does not name any Bursa-listed company, so no Bursa stock code is linked to this listing. The offer price, the Malaysian subscription window and the listing market are also not stated in the source.

How to Apply for Bursa Malaysia IPOs

Bursa IPO applications run through M+ Global with Invitation Code UBZQ. Online applications need a direct CDS account in your own name, and only one application per IPO is allowed.

Do not use the M+ Online app, which stopped working on 19 December 2025. For assistance, WhatsApp +60169059789.

IPO Investing with M+ Global covers the Bursa process in more detail.

Disclaimer: This article is general information, not investment advice. Do your own research before making any decision about shares, IPOs or AI-related stocks.

Key Takeaways

  • Anthropic is aiming to raise up to US$100 billion (RM405 billion) in an IPO the week of November 16.
  • The valuation is expected to exceed US$1 trillion, down from a high of US$2 trillion.
  • Fable 5.2 and Mythos 5.2 run up to 30% faster and cost 20% less.
  • Q3 revenue rose to US$17 billion from US$1.4 billion, but the operating loss reached US$567 million.

Frequently Asked Questions

When is the Anthropic IPO expected to happen?

Anthropic is aiming to hold its initial public offering the week of November 16. The listing is on Wall Street, according to the source article.

How much could the Anthropic IPO raise?

The IPO could raise up to US$100 billion (RM405 billion). That would make it the largest IPO on record.

What is the difference between Fable 5.2 and Mythos 5.2?

Both are built on the same underlying model. Fable 5.2 is open to all users with safeguards, while Mythos 5.2 is limited to vetted organisations in cybersecurity or biomedical research.

Can Malaysian retail investors apply for the Anthropic IPO?

The source article does not say whether Malaysian investors can subscribe to the Anthropic IPO. Bursa Malaysia IPO applications run through M+ Global with Invitation Code UBZQ.


Source: View Original Article — The content is based on the original publisher. Refer to the original content for accurate info. Contact us for any changes.


Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.

Want to invest in Bursa Malaysia or US markets? Contact Dexter Chia, an AI Driven Remisier who has 2,300+ clients at Malacca Securities Sdn Bhd (M+ Global). M+ Global Invitation Code: UBZQ | WhatsApp: +60169059789 | Why Choose Dexter?

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