Anthropic IPO Valuation Could Be Slashed in Half to $1T After AI Stock Rout: Report - Yahoo Finance
By Google News AI ·
Major investors are increasingly doubtful that Anthropic's initial public offering can go ahead at its expected valuation of $1.5 trillion, after a sharp sell-off in AI stocks, The Wall Street Journal reported on Thursday.
Anthropic, which filed last month to list on Nasdaq under the ticker "ANT," has been aiming to go public the week before Thanksgiving and raise up to $100 billion, according to the Journal. But three major investors who plan to take part in the IPO told the paper the valuation will likely need to come down, with one suggesting it could be closer to $1 trillion.
Anthropic Makes IPO Filing Public, Plans Nasdaq Listing Under 'ANT'
The company could also raise less than planned, perhaps around $80 billion, one investor told the Journal. Another wondered whether Anthropic might delay the offering until market conditions improve. Anthropic executives and advisers are expected to meet in the coming days to discuss the plans, according to the report.
The doubts follow a rout in AI stocks on Thursday, as investors weighed whether Democratic gains in the midterms could bring stricter oversight of data center construction. The S&P 500 closed down 4.4% and the tech-heavy Nasdaq 100 fell 6.3%, both their worst days since April 2025, while the Philadelphia semiconductor index slid 12.3% and Nvidia dropped 9.2%, NBC News reported. Stocks partly recovered on Friday morning: as of 11:21 a.m. ET, the Nasdaq Composite was up 1.4% and Nvidia had gained 3.4%, according to Yahoo Finance.
Democrats are planning bills to shield consumers from rising electricity costs tied to data centers, require independent testing of advanced AI systems and clarify when AI companies can be held liable for harm, Reuters reported, though any legislation would likely face steep odds…
Originally published by Google News AI
