Anthropic IPO Valuation Faces Pushback After Tech Selloff

Anthropic’s prospective $1.5 trillion IPO valuation is facing investor resistance after a sharp selloff in U.S. technology stocks raised doubts about the price and the offering’s near-term timetable. Three prospective major investors view the $1.5 trillion target as difficult to reach, and one sees a likely valuation closer to $1 trillion. Other prospective buyers are seeking a larger pricing discount before making commitments. Investors have also questioned whether the expected roadshow can begin during the week of Nov. 9. Separately, confidence in completing the IPO within the year has weakened. Anthropic has avoided publicly committing to a specific timetable.

Source: TokenPost