Anthropic 1.5 万亿美元 IPO 遇阻，投资者质疑估值过高
Anthropic's $1.5 trillion IPO hits resistance as investors balk at valuation
Anthropic 的 IPO 因投资者对 1.5 万亿美元估值提出质疑而遇阻，部分潜在投资方怀疑原定下周启动的路演能否如期进行。公司 9 月时还曾考虑最高 2 万亿美元的估值，如今有投资者只愿给出 1 万亿美元的估值，理由是 Anthropic 仍在亏损并为扩展 AI 基础设施持续消耗现金，且更新后的 S-1 文件缺少 10 月营收数据。中期选举中多项针对数据中心扩张的州级公投获得通过，引发一年来最剧烈的科技股抛售；若 AI 股票持续承压，Anthropic 可能推迟此次发行，有估算称其规模最高达 1000 亿美元。
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Anthropic's IPO is in trouble as investors push back on the $1.5 trillion valuation and the tech market sells off. According to Reuters , potential backers doubt the planned roadshow can kick off next week as scheduled.
As recently as September, the company was eyeing a valuation of up to $2 trillion . Now some investors think even $1.5 trillion is too rich. One investor reportedly floated a valuation of just $1 trillion. Investors want a steeper discount because Anthropic is still losing money and burning through cash to scale its AI infrastructure. They're also waiting on October revenue numbers, which are missing from the updated S-1 filing.
The midterm elections made things worse. Ballot initiatives targeting data center expansion passed in several states, triggering the sharpest tech selloff in a year. The Wall Street Journal also reports that IPO investors are skeptical. If AI stocks stay under pressure, Anthropic could delay the offering, which some estimates peg at up to $100 billion in size. A delay could further shake confidence in the broader AI sector.