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Business
Damodaran: Anthropic's IPO Voting Structure 'Shames Kim Jong Un'
✍️ NDTV Top
🗓 29 Oct 2026, 11:45 AM
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Renowned valuation expert Aswath Damodaran has criticized Anthropic's proposed share voting structure ahead of its IPO, predicting the AI firm's revenue could reach $1 trillion by 2036.
Renowned finance professor and valuation guru Aswath Damodaran has cast a critical eye on the upcoming Initial Public Offering (IPO) of AI giant Anthropic. In a recent analysis, Damodaran described the company's proposed share voting structure as so extreme that it would "put Kim Jong Un to shame," highlighting significant concerns regarding corporate governance and shareholder rights.
Despite the structural criticism, Damodaran provided a bullish long-term financial forecast for the technology firm. He projects that Anthropic's annual revenue is expected to approach the staggering mark of $1 trillion by the year 2036. This projection underscores the massive growth trajectory anticipated for the AI sector in the coming decade.
Furthermore, the expert predicts that Anthropic will maintain a robust operating profit margin of 27.5 percent during this period. These figures suggest that while the governance model may be controversial, the underlying business fundamentals and profitability potential remain strong in the eyes of financial analysts.
The comments come at a pivotal moment as Anthropic prepares to enter the public markets, drawing intense scrutiny from investors and governance experts alike. The debate over voting structures in high-growth tech companies is likely to continue as more AI firms consider going public.
Despite the structural criticism, Damodaran provided a bullish long-term financial forecast for the technology firm. He projects that Anthropic's annual revenue is expected to approach the staggering mark of $1 trillion by the year 2036. This projection underscores the massive growth trajectory anticipated for the AI sector in the coming decade.
Furthermore, the expert predicts that Anthropic will maintain a robust operating profit margin of 27.5 percent during this period. These figures suggest that while the governance model may be controversial, the underlying business fundamentals and profitability potential remain strong in the eyes of financial analysts.
The comments come at a pivotal moment as Anthropic prepares to enter the public markets, drawing intense scrutiny from investors and governance experts alike. The debate over voting structures in high-growth tech companies is likely to continue as more AI firms consider going public.