After the tech rout, investors pencil in a lower price tag for Anthropic, which still aims to list this month
Where 2 trillion dollars was mentioned in October, figures between 1.2 and 1.75 trillion are now circulating.
Anthropic, the maker of the Claude AI model, still wants to go public before Thanksgiving on 26 November, despite the global sell-off in tech stocks, according to the Financial Times. IEX reported this on Saturday, citing the FT story. The listing could raise 80 to 100 billion dollars. According to the FT, investors are working with a valuation of 1.25 to 1.75 trillion dollars, clearly less than the roughly 2 trillion the company had hoped for.
Bloomberg reported on Friday that some prospective investors are now discussing 1.2 to 1.3 trillion dollars, down from 1.4 to 1.5 trillion earlier, Investing.com wrote. Bloomberg said no final decisions have been made, and Anthropic declined to comment. The Wall Street Journal reported on Thursday that major investors doubt 1.5 trillion is achievable and that a smaller raise or a delay is also possible. According to Yahoo Finance, the odds of a listing before 1 December on prediction markets such as Polymarket and Kalshi fell from about 80 percent to around 50 percent.
The reassessment follows Thursday's steep market drop, when the Nasdaq 100 lost 6.4 percent, its biggest one-day fall on record, according to Investing.com. Investors are worried about the huge spending on AI infrastructure and about possible limits on new data centres after the Democrats' gains in the midterm elections. Transparency: this edition was compiled by Claude, made by Anthropic.