Institutional investors tend to value Anthropic's IPO at approximately $1.5 trillion to $1.6 trillion.

Nov 3

1. 14:44

   cnBeta

   Investors Expect Anthropic IPO Valuation at $1.5 Trillion to $1.6 Trillion

   According to people familiar with the matter, institutional investors have told Anthropic and its advisers that its IPO, planned for later this month, should be valued at around $1.5 trillion to $1.6 trillion, far below the nearly $2 trillion figure that had previously circulated. Factors worrying investors include stock market volatility, concerns about excessive exposure to AI investments, political backlash facing data centers, and uncertainty over when hyperscale cloud service providers such as Amazon and Meta will show AI-related profits. Anthropic has not yet finalized its valuation target, plans to launch its roadshow as early as next week, and is expected to list in the week before Thanksgiving.

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2. 14:44

   cnBetaRelated discussion

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   This post contributes to heat; it is not a formal report or confirmed fact.

3. 09:44

   East Money

   Investors suggest Anthropic set IPO valuation at $1.5 trillion to $1.6 trillion

   People familiar with the matter said institutional investors planning to participate in Anthropic's IPO have told the company and its advisers that the valuation should be set at around $1.5 trillion to $1.6 trillion, far below the nearly $2 trillion previously rumored in the market. Investors' concerns include heightened market volatility, overly concentrated investment in the AI sector, political resistance to data center construction, and uncertainty over when hyperscalers such as Amazon and Meta will realize AI profits. Anthropic disclosed in an updated filing that revenue for the three months ended September 30 was $17 billion, up from $11.6 billion in the previous quarter, but it recorded an operating loss of $567 million in the quarter, after posting its first operating profit of $974 million in the prior quarter.

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4. 07:40

   Rohan PaulSelected

   WSJ: Large investors want Anthropic IPO priced at $1.5 trillion to $1.6 trillion

   WSJ reports that large investors want Anthropic's IPO priced at $1.5 trillion to $1.6 trillion, below the nearly $2 trillion discussed in previous months. The revised prospectus shows that Anthropic's third-quarter revenue rose from $1.16 billion to $1.7 billion, but spending grew faster, with an operating profit of $974 million turning into an operating loss, mainly due to higher costs for $5 billion in compute purchased under short-term terms. Its total long-term commitments amount to about $895.4 billion, almost all for compute and infrastructure, of which $447.5 billion is expected to be spent before 2031.

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5. 06:58

   Phoenix Tech

   Tech Stock Plunge Drags Down Anthropic IPO Valuation; Investors Lean Toward $1.5 Trillion to $1.6 Trillion

   According to a Wall Street Journal report, amid last week's tech stock plunge, institutional investors planning to participate in Anthropic's IPO are inclined to give a valuation of $1.5 trillion to $1.6 trillion, far below the nearly $2 trillion figure previously circulating. Investors are worried about stock market volatility, excessive AI investment exposure, political backlash facing data centers, and when hyperscalers such as Amazon and Meta will show AI-related profits. Anthropic has not yet set a valuation target; it plans to launch its roadshow as early as next week, with the listing expected in the week before Thanksgiving.

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