Anthropic IPO valuation expectations drop up to 40% as US tech stocks sell off

Cointime reports: Some potential investors are preparing to value Anthropic at $1.2 trillion to $1.3 trillion for its IPO, as much as 40% below the previously expected $2 trillion, Bloomberg reported on Nov. 6. The Financial Times said investors expect a valuation closer to $1.5 trillion. Separately, OpenAI has completed $11 billion of a funding round that could reach $20 billion at a roughly $1.25 trillion valuation, scaled back from an original $30 billion target.