Anthropic Pushes Ahead with IPO, Valuation Expectations Lowered to $1.25 Trillion to $1.75 Trillion
After a sharp selloff in U.S. tech stocks, Anthropic still plans to push ahead with its IPO before the Thanksgiving holiday in November, expecting to raise $80 billion to $100 billion at a valuation of $1.25 trillion to $1.75 trillion, lower than the doubled valuation investors expected a month ago. Anthropic is currently valued at $965 billion and is preparing to launch a retail-facing product in the UK, with the fintech platform RetailBook coordinating the UK retail offering. In the same period, OpenAI lowered its target valuation from $1.4 trillion to $1.25 trillion and reduced its fundraising size from $30 billion to $20 billion.
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Amid a tech stock selloff, Anthropic's IPO valuation expectations have fallen back from a doubling to $1.25 trillion to $1.75 trillion, reflecting a repricing of AI assets by the market.
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According to comprehensive foreign media reports, U.S. tech stocks suffered a severe sell-off and financial markets were sharply volatile, while Anthropic will continue to push ahead with its IPO. The developer of Claude has prepared to accept a valuation far below the $2 trillion that the most optimistic investors had originally expected.
In addition, Anthropic is preparing to launch a product for retail investors in the UK, and UK retail investors are expected to have the opportunity to subscribe to Anthropic's initial public offering (IPO) shares.
According to a report on the Chinese website of the UK's Financial Times on the 7th, several investors said that Anthropic still plans to list before the U.S. Thanksgiving holiday in November, and is expected to raise $80 billion to $100 billion at a valuation of $1.25 trillion to $1.75 trillion. That would be higher than Anthropic's current valuation of $965 billion, but still a considerable gap from the doubled valuation investors had expected a month earlier.
Amid concerns about rising borrowing costs and runaway spending plans by AI companies, the tech industry is undergoing a broader reassessment, and market expectations have cooled accordingly. The related concerns prompted investors to sell AI-related stocks, while lenders withdrew from high-risk projects.
U.S. stock markets experienced chaotic trading on Thursday, with $3.2 trillion in market value wiped out in a single day. Affected by market concerns that the AI infrastructure boom is slowing, the tech-heavy Nasdaq 100 index plunged 6.4%.
Analysts at market research firm Vital Knowledge said, "The sell-off in AI stocks makes it harder for Anthropic to go public, and also means less capital expenditure funding, which in turn triggers more selling."
The report mentioned that Anthropic's rival AI lab OpenAI struggled to complete its own private funding round, and had to lower its target valuation from $1.4 trillion to $1.25 trillion and reduce its funding size from $30 billion to $20 billion.
However, on November 7, the Chinese website of the UK's Financial Times wrote in another report, "Amid the AI stock turmoil, Anthropic is preparing to launch a retail product in the UK."
The report noted that fintech platform RetailBook has been appointed to coordinate an expected UK retail offering by Anthropic. Investment platforms including Hargreaves Lansdown, AJ Bell, eToro, Interactive Brokers, Interactive Investor and Revolut are ready to accept customer orders.
According to the report, Leveraged Shares plans to list a 3x long Anthropic exchange-traded product on the London Stock Exchange before Anthropic's IPO. Before Anthropic actually lists, the product will hold cash. RetailBook and several investment platforms declined to comment.
On November 4, Japan's Kyodo News also reported that Anthropic said it would raise up to $3.5 billion in Japan. Market participants said it is expected to set a record for the highest amount raised in Japan by an overseas company's IPO.
(Source: Jingwei Kechuang) Middle of the main body Embedded advertisement