Some investors consider Anthropic's $1.5 trillion valuation excessive ahead of IPO

As Kursiv reported, citing the WSJ, three major investors intending to take part in the offering allowed for the possibility of revising its parameters. It was previously expected that the company would go public in mid-November, raise about $100 billion, and be valued at $1.5–2 trillion. One of the newspaper's sources believes that Anthropic's valuation could be closer to $1 trillion, while another did not rule out reducing the funding volume to approximately $80 billion.

3DNews, citing four Reuters sources, wrote that some investors are seeking more favorable terms for themselves. Management meetings with share buyers were scheduled to begin in the week of November 9, with the share price planned to be set a week later; now, negotiators doubt that the schedule will be met. They are also concerned by the company's quarterly losses and its obligations to finance computing infrastructure, and Anthropic did not disclose its October revenue in the updated filings. The company declined to comment on the situation.

Doubts grew amid a two-day decline in the US market following the US midterm elections. According to Reuters, more than 50 technology companies in the S&P 1500 fell by at least 10% on Thursday. As iXBT noted, on the prediction platforms Kalshi and Polymarket, the odds of Anthropic filing for a listing before November 30 dropped from 84% to 60%, and before December 31 from 90% to 74%.