After AI-related liquidation triggered a broad equity selloff, major investors
are increasingly skeptical Anthropic's IPO can fetch a $1.5 tln valuation.
Anthropic had planned a debut in the week of Nov. 16 and aimed to raise up to
$100 bln, implying roughly a $1.5 tln valuation. Three prospective large
investors said the valuation will likely need to be cut; one suggested it could
be nearer $1 tln. One investor added that even if markets recover, convincing
institutions hit by the recent selloff to take sizable new AI exposure may be
difficult, and Anthropic could delay the offering. Another option is a
smaller-than-expected raise. Anthropic executives and advisers are expected to
meet in coming days to review IPO plans; some insiders said they have avoided
firm commitments to keep options open.
