Abstract:
On November 6, according to the Wall Street Journal, U.S. stocks suffered a sharp drop on Thursday. Major investors are increasingly doubtful that Anthropic's high-profile IPO can live up to its expected $1.5 trillion valuation, after AI-related investment bets were unwound and markets fell sharply, according to people familiar with the matter.
Anthropic
Anthropic plans to launch its IPO a week before Thanksgiving, and had previously expected to raise up to $100 billion, with a possible valuation of about $1.5 trillion.
But three major investors planning to participate in the IPO said Anthropic's valuation will likely need to be reduced. One of them believes the valuation could be closer to $1 trillion.
Another investor said that even if the market rebounds, it may not be easy to convince institutional investors who have just suffered losses in the recent sell-off to take significant risks in the AI sector again. The investor also raised the possibility of whether Anthropic would consider delaying the listing.Anthropic's alternative is that the IPO could raise less money than expected. As of September 30 this year, Anthropic held $146.6 billion in cash.
For months, investors have been eagerly anticipating the IPO. Many said they still view Anthropic as a "must buy" even as other AI-related stocks perform turbulently. Given the scale of the planned IPO and the close interconnections between Anthropic's business and technology giants such as Google, Amazon and Nvidia, the company's plans to go public will have a significant impact on the broader market and economy.
Anthropic executives and their advisers are expected to meet in the coming days to discuss IPO plans, according to people familiar with the matter. Throughout the preparations, they have avoided committing to specific plans to leave room for adjustment.
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