Anthropic IPO valuation sees disagreement; $1.5 trillion is still considered too expensive by some investors
Reuters reported that Anthropic's IPO plan is facing investor doubts about its valuation, with some investors believing that the $1.5 trillion valuation is still too high. The valuation range given by investors is $1.5 trillion to $1.6 trillion, lower than the previous level of nearly $2 trillion, and one investor believes it may be closer to $1 trillion. Anthropic still plans to continue its roadshow next week and to list in the week of November 16.
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The original text presents the disagreement over Anthropic's IPO valuation, which was lowered from $2 trillion to $1.5 trillion to $1.6 trillion, allowing readers to understand the gap in expectations between buyers and sellers.
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"The Largest IPO in History" Faces Challenges: Anthropic's Listing Valuation Is Disputed, $1.5 Trillion Still Considered Too Expensive
2026-11-07 09:36 IT Home - Guyuan
Thanks to IT Home users Yugong Qima and Jingya Xianren for providing the leads!
IT Home, November 7 news: Reuters yesterday (November 6) published a blog post reporting that the initial public offering (IPO) plan of AI company Anthropic is facing investor doubts about its valuation, with some investors believing that the $1.5 trillion valuation (currently about 10.03 trillion yuan) is still too high. Anthropic declined to comment on the concerns.
The report noted that on the path toward the "largest IPO in history," Anthropic's expected company valuation has been continuously lowered. Anthropic originally planned to launch its roadshow in the week of November 9 and price the following week, aiming to list in November; the company initially sought a valuation of up to $2 trillion (currently about 13.37 trillion yuan).
On November 3, IT Home cited a Wall Street Journal report saying that last week's sharp plunge in tech stocks is changing the valuation judgments of institutional investors planning to participate in Anthropic's IPO regarding this AI company.
These investors have told Anthropic and its advisory team that the valuation at the IPO later this month should be between $1.5 trillion and $1.6 trillion (currently about 9.99 trillion to 10.66 trillion yuan), far below the level of nearly $2 trillion discussed in the market in previous months (IT Home note: currently about 13.32 trillion yuan).
Three large investors planning to participate in the IPO believe the valuation should be lowered further, with one investor believing it may be closer to $1 trillion (currently about 6.69 trillion yuan). From $2 trillion to $1 trillion, the expectations of buyers and sellers differ by half, but this does not mean the company has accepted a "halved" pricing.
Investors' caution is also related to the market environment and the company's financial condition. Reuters said that the severe sell-off in tech stocks, combined with Anthropic's previous quarterly losses and huge commitments to AI infrastructure spending, has led subscribers to demand a larger discount. Some investors are also waiting for October revenue data to judge whether the recently slowed growth has regained momentum.
Tech media outlet The Information reported that Anthropic plans to continue its IPO roadshow next week and still plans to go public in the week of November 16, that is, just before Thanksgiving.