US Stock Market Plunge Drags Down Anthropic IPO, Valuation May Fall to Nearly $1 Trillion
According to The Wall Street Journal, after the sharp US stock market decline on Thursday, major investors are increasingly doubtful whether Anthropic can complete its IPO at the expected $1.5 trillion valuation, with one of them believing the valuation may be closer to $1 trillion. Anthropic originally planned to launch its IPO in the week before Thanksgiving, raising up to $100 billion, and held $146.6 billion in cash as of September 30 this year. Some investors suggested the company may delay its listing or reduce fundraising, and executives and advisers are expected to meet in the coming days to discuss the IPO plan.
Why read this
AI score 61
The report presents investors' reassessment of Anthropic's IPO valuation and timing after the US stock market decline, offering insight into how market volatility affects AI companies' listing plans.
Topics
Body · AI translation
US Stock Market Plunge Drags Down Anthropic IPO: Valuation May Fall to Nearly $1 Trillion, Will the Listing Be Delayed? Phoenix Tech Download the App for Exclusive Early Access November 6, 2026, 09:06:59 From Beijing
Anthropic
Phoenix Tech News, November 6 (Beijing Time) — According to The Wall Street Journal, US stocks suffered a sharp selloff on Thursday. People familiar with the matter said that 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, with a valuation potentially reaching 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 may 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 selloff to once again take on significant risk in the AI sector. This investor also raised a possibility: whether Anthropic might 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.
People familiar with the matter said 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. (Author/Xiao Yu)
For more first-hand news, please download the Phoenix News app and subscribe to Phoenix Tech. For in-depth reports, search "Phoenix Tech" on WeChat.