Investors doubt Anthropic IPO can hit $1.5T valuation amid AI stock selloff

Cointime reports: Investors are increasingly doubtful that Anthropic’s IPO can proceed at its expected valuation of about $1.5 trillion, as a sharp selloff in AI-related stocks weighs on the offering, people familiar with the matter said on Nov. 6. Three major investors planning to participate said the valuation may need to be cut, with one suggesting it could be closer to $1 trillion. Anthropic had planned to list in the week before Thanksgiving, raising up to $100 billion, and executives and advisers are expected to meet in the coming days to discuss the IPO plans.