Anthropic’s S-1 left the IPO price blank, turning valuation into the central issue ahead of pricing as investors and analysts compared company disclosures with wide-ranging forecasts. DoNews reported that Anthropic disclosed more than 11,900 customers contributing over $100,000 in the prior 12 months, alongside 2026 first-half revenue of $16.286 billion and an operating loss of $693 million, while investor and analyst estimates ranged from about $144 billion to $2 trillion. The analysis also highlighted unresolved questions around profit durability, compute obligations, governance, and differences between reported figures, company claims, model assumptions, and market expectations.