Anthropic’s IPO timing threatened by AI backlash, historic tech rout

Investors are questioning whether Anthropic can proceed with its planned IPO roadshow next week and list in November, as a sharp technology selloff and political uncertainty weigh on market confidence. The debate matters beyond the company: a delay by one of the best-known AI firms could deepen doubts about the sector and pressure technology share valuations.

Some investors consider the recently discussed $1.5 trillion valuation too high and want a larger discount, while awaiting Anthropic’s October revenue figure, which was left blank in its updated filing. The company has reported quarterly losses and made large commitments to AI infrastructure partners; its offering could raise as much as $100 billion. The roadshow was expected to begin the week of 9 November, but Anthropic could postpone until markets are more receptive.