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Anthropic may need to cut IPO ambitions as investors balk: report

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Anthropic may need to cut IPO ambitions as investors balk: report

Business News Tech AI Anthropic may need to cut IPO ambitions as investors balk: report

Anthropic may have to accept a lower valuation than the $1.5 trillion it had been targeting for its stock market debut, after a sharp tech sell-off spooked key investors, the Wall Street Journal reported Thursday. The listing comes amid growing nervousness among investors about the huge sums being poured into AI. Three major investors who plan to take part in the offering told the Journal the valuation would likely need to be lowered, with one saying it could end up closer to $1 trillion.

Anthropic may have to accept a lower valuation than the $1.5 trillion it had been targeting for its stock market debut, after a sharp tech sell-off spooked key investors, the Wall Street Journal reported Thursday. The artificial intelligence company is aiming to hold its initial public offering the week of November 16 and had been expected to raise up to $100 billion, which would make it the largest IPO on record. The listing comes amid growing nervousness among investors about the huge sums being poured into AI.

Three major investors who plan to take part in the offering told the Journal the valuation would likely need to be lowered, with one saying it could end up closer to $1 trillion. 5 and $2 trillion. Another investor raised the possibility that Anthropic could postpone the listing. Scaling back the size of the offering is another possibility, the Journal said. Anthropic did not immediately respond to AFP's request for comment.


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