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Investors question Anthropic IPO timing and $1.5T valuation
Wire reporting: (Reuters, via CNA)
Potential investors in Anthropic's planned initial public offering are raising doubts about whether the company can still hold a roadshow next week in time for a November listing, people familiar with investor discussions told Reuters, according to a CNA reprint of the exclusive2,3.
Those people said investors are pushing for a more attractive valuation before committing, and that some view a recently discussed $1.5 trillion figure as being at the high end of expectations2,3.
Techmeme's aggregator headline, attributing the Journal, said major investors are increasingly skeptical that Anthropic's IPO can achieve a $1.5 trillion valuation after a market selloff, and that one person said it could be closer to $1 trillion1. This desk did not read the Journal article itself1.
The Reuters account, via CNA, said the talks reflect in part the sharpest technology selloff in a year and geopolitical uncertainty around new offerings2,3.
Reuters had previously reported that the roadshow was initially expected to start the week of Nov. 9, with pricing the following week, CNA said2,3.
People familiar with the discussions told Reuters that Anthropic may need to offer a bigger discount to secure commitments, given quarterly losses and large commitments to partners in the AI buildout, according to CNA2,3.
Anthropic declined to comment, CNA reported, citing Reuters2,3.
Sources
- TechmemeSources: major investors are increasingly skeptical Anthropic's IPO can achieve a $1.5T valuation after a market selloff; one says it could be closer to $1T (Wall Street Journal)
- (Reuters, via CNA)Exclusive-AI backlash could threaten Anthropic IPO timing, potential investors say
- ReutersEXCLUSIVE: AI backlash could threaten Anthropic IPO timing, potential investors say
How it’s being reported
2 sourcesFirst reported by
CNA
Sources: major investors are increasingly skeptical Anthropic's IPO can achieve a $1.5T valuation after a market selloff; one says it could be closer to $1T (Wall Street Journal)
A lower valuation closer to $1 trillion after a market selloff.
Aggregator headline pointing to the Wall Street Journal: major investors doubt a $1.5 trillion Anthropic IPO after a market selloff, with one saying it could be closer to $1 trillion.
Leaves out Roadshow timing, capital-raise pressure, and Anthropic's no-comment, which Reuters reported.
Exclusive-AI backlash could threaten Anthropic IPO timing, potential investors say
Gives this outlet’s account of the story.
Same copy also at: Reuters
Where they agree
- Investors are pushing back on a roughly $1.5 trillion Anthropic IPO valuation after a market selloff.
Where they differ
How far valuation talk has fallen