Anthropic IPO Valuation Could Be Slashed in Half to $1T After AI Stock Rout: Report

Anthropic’s planned IPO may be valued at about $1 trillion, half the $1.5 trillion target, as a sharp sell-off in AI stocks unsettles investors. The company had aimed to list on Nasdaq before Thanksgiving and raise up to $100 billion, but investors are questioning whether the timing and price remain realistic.

Three prospective investors told the Wall Street Journal that the valuation may need to fall; one estimated it could be nearer $1 trillion, while another said the company might raise around $80 billion. A delay is also possible as executives and advisers review the plans. The market downturn included a 6.3% fall in the Nasdaq 100 and a 9.2% drop in Nvidia; Anthropic reported an annualised revenue run rate above $80 billion at October’s end and $146.6 billion in cash at 30 September.