Anthropic IPO faces valuation cuts as AI backlash roils markets
What's new: Investors are pressing for a steeper discount and watching October revenue before a possible mid-November Nasdaq debut.
Anthropic’s planned initial public offering is facing fresh pressure as investors question whether the AI company can begin its roadshow next week and list in November. Potential buyers are pushing for a lower valuation, with recent discussions centering on about $1 trillion to $1.5 trillion, down from figures as high as $2 trillion floated earlier this year. The debate comes after a sharp sell-off in tech stocks and after US midterm results highlighted voter opposition to AI-related data center expansion. Anthropic, led by CEO Dario Amodei and known for its Claude models, also left its October revenue blank in an updated S-1 filing, a figure investors want to see before committing.