After US Stock Market Plunge, Anthropic IPO Valuation May Drop to Nearly $1 Trillion
According to The Wall Street Journal, after US stocks fell sharply on Thursday and AI-related investment bets were unwound, three major investors planning to participate in Anthropic's IPO said the valuation will likely need to be lowered, with one believing it may be closer to $1 trillion, below the previous expectation of about $1.5 trillion. Anthropic originally planned to launch its IPO in the week before Thanksgiving, raising up to $100 billion; some investors raised the question of whether the company would consider delaying the listing or raising less than expected. As of September 30 this year, Anthropic held $146.6 billion in cash, and executives and advisers are expected to meet in the coming days to discuss the IPO plan.
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The original article discloses investors' judgments on a possible downward revision of Anthropic's IPO valuation and the possibility of a delay, offering insight into how market volatility affects the pace of AI companies' listings.
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On November 6, Beijing time, according to The Wall Street Journal, U.S. stocks suffered a sharp sell-off on Thursday. According to people familiar with the matter, after AI-related investment bets were unwound and the market fell sharply, major investors are increasingly doubtful whether Anthropic's highly anticipated IPO can proceed at the expected $1.5 trillion valuation.
Anthropic plans to launch its IPO in the week before Thanksgiving, having previously expected to raise up to $100 billion at a valuation that could reach about $1.5 trillion.
But three major investors planning to participate in the IPO said Anthropic's valuation will likely need to be lowered. 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 persuade institutional investors who have just suffered losses in the recent sell-off to take on significant risk in the AI sector again. This investor also raised the possibility of whether Anthropic would consider delaying the listing.
Another option for Anthropic is that the IPO may raise less than expected. As of September 30 this year, Anthropic held $146.6 billion in cash.
For months, investors have been eagerly awaiting this IPO. Many said that even if other AI-related stocks perform turbulently, they still regard Anthropic as a "must-buy" target. Given the scale of the IPO plan and the close interconnections between Anthropic's business and tech giants such as Google, Amazon and Nvidia, the company's listing plan will have a significant impact on the broader market and economy.
According to people familiar with the matter, Anthropic executives and their advisers are expected to hold meetings in the coming days to discuss the IPO plan. Throughout the preparation process, they have avoided committing to specific plans in order to preserve room for adjustment.