Big Investors Now Doubt Anthropic Can IPO at $1.5 Trillion After the AI Crash - Yahoo Finance
By Google News AI ·
Three major investors say Anthropic (NASDAQ:ANT) will likely need to cut its $1.5 trillion IPO valuation, with one suggesting about $1 trillion.
The Invesco QQQ Trust (NASDAQ:QQQ) sank nearly 10% in a week, leaving a hard market for a record $100 billion offering.
Anthropic's amended filing leaves October revenue blank, and two people said investors want that figure to see whether growth recovered after a slowdown.
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On the evening of November 5, 2026, three major investors spoke out. The investors, who plan to buy into Anthropic's IPO, said the about $1.5 trillion valuation the company had been targeting will likely need to come down. One of them said it could end up closer to $1 trillion.
Anthropic intends to list its Class A shares on the Nasdaq Global Select Market. The stock doesn't trade yet, so you have to look at listed AI stocks to gauge the pressure.
The Invesco QQQ Trust (NASDAQ:QQQ) closed November 5 at $647.05, down 9.55% over one week. Nasdaq Composite companies lost $2.5 trillion in market value that day. More than 50 tech stocks in the S&P Composite 1500 fell 10% or more in the two-day rout after the November 3 midterm elections.
That leaves a tough market for an offering expected to raise up to $100 billion, the largest IPO on record. Keith Lerner, chief investment officer of Truist Advisory Services, described a buyers' strike in tech.
No valuation has been cut. The amended S-1 filed November 2 still leaves the price range and share count blank, and Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) lead 22 banks…
Originally published by Google News AI
