Exclusive-AI backlash could threaten Anthropic IPO timing, potential investors say

Potential investors are questioning whether Anthropic can proceed with its planned IPO roadshow next week and list in November, as a technology sell-off and uncertainty weigh on demand. Their concerns matter beyond the company: a delay could deepen doubts about the AI sector and put pressure on technology share valuations.

Investors consider the recently discussed $1.5 trillion valuation ambitious and may require a larger discount, while they await October revenue figures omitted from Anthropic’s updated filing. The company has recorded quarterly losses and made substantial commitments to AI infrastructure partners; some expect its offering could raise as much as $100 billion. Anthropic has not commented, and the listing could still happen by year-end if market conditions and investor expectations align.