Source: the-decoder.com/anthropics-1-5-trillion-ipo-hits-resistance-as-investors-balk-at-valuation
According to Reuters, potential backers doubt that the planned roadshow can begin next week as scheduled. Anthropic had been eyeing a valuation of up to $2 trillion as recently as September, but one investor reportedly suggested $1 trillion. Investors want a steeper discount because the company is still losing money and spending heavily to scale its AI infrastructure.
Investors are also waiting for October revenue figures, which are missing from the updated S-1 filing. The Wall Street Journal reports that IPO investors are skeptical. Ballot measures targeting data center expansion passed in several states during the midterm elections, contributing to the sharpest tech selloff in a year.
Some estimates put the offering at up to $100 billion. If AI stocks remain under pressure, Anthropic could postpone the IPO, which could further weaken confidence in the wider AI sector.
Why it matters if you build agents
This story does not change any API or product, but it shows how closely investors are now scrutinizing AI companies' spending and revenue. Teams that depend on a single model vendor's pricing or roadmap may want to track financial disclosures alongside product updates.
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