Anthropic’s IPO valuation faces steep downward pressure amid AI‑stock rout

Anthropic’s planned Nasdaq debut, originally targeting a $1.5 trillion valuation and up to $100 billion of proceeds, is being re‑priced after a sharp sell‑off in AI stocks. Major prospective investors have urged the company to lower the valuation, with some suggesting a figure near $1 trillion and others discussing a range of $1.2‑$1.3 trillion. The firm’s leadership is meeting in the coming days to decide whether to adjust the price, reduce the raise amount, or delay the offering.

If the valuation is cut, the amount of capital Anthropic can raise may fall below the $100 billion originally planned, potentially limiting funding for its compute commitments. A delay or lower‑priced IPO could also signal broader weakness in the AI sector, affecting investors’ exposure to frontier‑AI companies.

  • 1Anthropic originally targeted a $1.5 trillion valuation for its IPO.
  • 2The company planned to raise up to $100 billion in the offering.
  • 3Anthropic holds a cash reserve of $146.6 billion as of September 30.
  • 4Investors have suggested the valuation may need to be closer to $1 trillion.
  • 5Current investor discussions are focusing on a valuation of $1.2‑$1.3 trillion.
  • 6The Nasdaq 100 fell 6.4% on the day of the rout, wiping out roughly $2.3 trillion in market value.
  • Exact revised valuation range – materials report $1 trillion, $1.2‑$1.3 trillion, and a $1 trillion suggestion, creating a conflict on the final target.

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