Investors challenge Anthropic valuation ahead of IPO
AI company Anthropic faces pushback from potential investors over its valuation targets as market conditions shift ahead of a planned November IPO.
Artificial intelligence firm Anthropic is encountering resistance from institutional investors regarding its valuation as it prepares for a public offering. While the company initially sought a valuation reaching two trillion dollars, market participants are increasingly signaling that such a figure is unsustainable given current economic conditions.
Recent volatility in the technology sector has prompted investors to demand a lower entry price, with many suggesting a range between 1.5 trillion and 1.6 trillion dollars. Some institutional stakeholders have argued that even those levels remain inflated, citing concerns over the company's profitability, high infrastructure costs, and a broader cooling of enthusiasm for massive AI valuations.
Despite the valuation debate, reports indicate that Anthropic intends to proceed with investor roadshows next week, aiming for a market debut before the Thanksgiving holiday. The company has declined to comment on the negotiations or specific valuation targets.