Key facts
- Anthropic is pressing ahead with its IPO despite market jitters.
- Other AI infrastructure and data center companies have delayed or pulled their listings.
- Rising interest rates and concerns about AI spending sustainability are impacting IPOs.
- Anthropic is believed to deem its business worthy of a potential $1.5 trillion valuation.
Anthropic is moving forward with its planned initial public offering next month, bucking a trend of delays and withdrawals among other technology companies, particularly in the AI infrastructure and data center sectors. The AI lab is reportedly pressing ahead after making its prospectus public as early as late October, with plans to begin marketing its shares to prospective investors during the week of November 9. This move comes as other companies like Switch, Nscale, SB Energy, Elice, AirTrunk REIT, and Firmus have postponed or pulled their listings due to rising interest rates, market volatility, and concerns about the sustainability of AI spending. The AI sector pullback follows a string of IPO delays and withdrawals since September, making it harder for companies to secure attractive valuations. Oura's recent IPO, which saw little participation from long-only investors, has further added to the caution among prospective issuers.