Anthropic's IPO Sprint Hits Valuation Disagreement: Even $1.5 Trillion Still Deemed Too Expensive
Anthropic's IPO plan faces investor doubts over its valuation, with some investors believing that even a $1.5 trillion valuation is still too high; the company declined to comment. Anthropic initially sought a valuation of as much as $2 trillion, while investors favored a range of $1.5 trillion to $1.6 trillion. Three large investors planning to participate believed it should be lowered further, and one of them thought it might be closer to $1 trillion. A tech stock selloff, prior quarterly losses and commitments to massive AI infrastructure spending have led subscribers to demand a larger discount, but the company still plans to go public in the week of November 16.
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The original article outlines the disagreement over Anthropic's IPO valuation, which was cut from $2 trillion to $1.5 trillion, so readers can understand the market's cautious attitude toward pricing AI companies.
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Anthropic's Sprint to IPO Hits Valuation Disagreement: $1.5 Trillion Still Considered Too Expensive
IT Home Download the Client for Exclusive Early Access November 07, 2026 09:45:23 From Shandong Updated November 07, 2026 09:53:14
IT Home, November 7 — Reuters published a blog post yesterday (November 6) reporting that the initial public offering (IPO) plans of AI company Anthropic are facing investor doubts over its valuation, with some investors believing that the $1.5 trillion (currently about 10.03 trillion yuan) valuation is still too high. Anthropic declined to comment on the concerns.
The report noted that on its path toward the "largest IPO in history," Anthropic's expected company valuation has been continuously revised downward. Anthropic originally planned to launch its roadshow in the week of November 9, price the following week, and aim to list in November; the company initially sought a valuation of as much as $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 sell-off 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 (IT Home note: currently about 13.32 trillion yuan) discussed in the market in previous months.
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 for 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 slowing growth has picked up again.
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.
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