Major investors say Anthropic's IPO valuation may need to come down from the expected $1.5 trillion, with one saying it could be closer to $1 trillion.
Major investors are increasingly skeptical that Anthropic’s initial public offering can proceed at the expected valuation of $1.5 trillion after a deep market selloff tied to the unwinding of AI-related bets, according to people familiar with the matter.
Anthropic is aiming to stage the IPO the week before Thanksgiving and has been expected to raise up to $100 billion in an offering that could value the company at around $1.5 trillion.
But three major investors who plan to participate in the IPO say the valuation will likely need to come down, with one saying it could be closer to $1 trillion.
The artificial-intelligence giant could need to set a significantly lower-than-expected valuation, investors say.
The skepticism reflects cautious investor sentiment toward AI sector valuations and suggests a potential downward adjustment from earlier valuation estimates for Anthropic’s market debut.
Sources
This article was drafted with AI assistance and checked against the sources above. Company claims are reported as claims. Cover image is AI-generated.
The day's checked news, by email
One short email a day with the top stories. Free, and you can unsubscribe in one click.
Or follow for the latest news:
No comments yet. Start the discussion.
BusinessTrending
Tech stocks fell sharply in the US, Europe and Asia after the US midterm elections, with investors worried about AI regulation and data centre restrictions.
US and Asian tech stocks fell sharply after Democrats' midterm election wins raised fears of tighter AI rules and data centre restrictions.
