Investors push Anthropic to cut IPO valuation after tech selloff
Major investors planning to join Anthropic's IPO say the company is unlikely to clear the roughly $1.5 trillion valuation discussed before Thursday's tech rout, with one suggesting a figure closer to $1 trillion, the Wall Street Journal reported. Reuters separately said potential investors doubt whether Anthropic can start its planned roadshow next week for a November listing, and some see $1.5 trillion as high. Anthropic declined to comment; executives and advisers are expected to meet in the coming days on whether to cut the price, shrink the raise, or delay.
Source: PYMNTS