Key facts
- Three major investors planning to participate in Anthropic's IPO said the valuation may need to be lowered, per Blockworks.
- One of those investors suggested a valuation closer to $1 trillion could be needed, Blockworks reported.
- Anthropic executives and advisors were expected to meet in the coming days to discuss IPO plans, people familiar said.
- Anthropic had aimed to raise up to $100 billion in the offering, according to Blockworks.
Large investors are questioning whether Anthropic's planned initial public offering can achieve the $1.5 trillion valuation it had targeted, Blockworks reported, citing people familiar with the matter. Anthropic had planned to debut in the week of November 16, with the offering expected to raise up to $100 billion and value the company at approximately $1.5 trillion.
Three major investors planning to participate in the IPO said the valuation may need to be lowered, with one suggesting it could be closer to $1 trillion, according to Blockworks. Another investor said that even if the market rebounds, it may be challenging to convince institutional investors recently hurt by sell-offs to take on significant risk in the AI sector again, and doubted whether Anthropic will delay its offering. Another possibility is that the company may raise less capital than expected.
People familiar with the matter said Anthropic executives and their advisors are expected to meet in the coming days to discuss IPO plans. Some said they have deliberately avoided committing to specific plans throughout the process to preserve their options, Blockworks reported.