Anthropic’s $1.5 Trillion IPO Faces Investor Resistance Over Valuation

What happened

Anthropic’s planned IPO faces investor resistance to a $1.5 trillion valuation as the tech market sells off, The Decoder reports, citing Reuters and The Wall Street Journal. Some investors reportedly consider that valuation too high, with one floating $1 trillion, while pointing to the company’s losses and cash burn. Investors are also waiting for October revenue figures absent from the updated S-1; if AI stocks remain under pressure, the offering could be delayed.

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The story so far

Investors are resisting Anthropic’s planned $1.5 trillion IPO valuation as technology stocks sell off, and the offering could be delayed if pressure on AI stocks continues. The Decoder, citing Reuters and The Wall Street Journal, reports that some investors consider the valuation too high; one investor suggested $1 trillion. Investors have also pointed to Anthropic’s losses and cash burn and are waiting for October revenue figures, which were absent from the company’s updated S-1.