Anthropic Cuts IPO Valuation Target as AI Selloff Rattles Investors
Anthropic, the AI lab behind the Claude family of models, is reportedly scaling back its IPO valuation ambitions as it heads into the home stretch of its roadshow. According to multiple reports, the company has trimmed its target from an initial range of $2 trillion to $2.5 trillion down to around $1.5 trillion — with some reports suggesting the final number could land even lower, somewhere between $1.1 trillion and $1.2 trillion, depending on investor demand during pricing.
Despite the haircut, Anthropic is reportedly still pushing to complete its roadshow and price the deal before Thanksgiving, with a target completion date around November 26. Even at the reduced valuation, this would still rank among the largest IPOs in history, with the company reportedly seeking to raise up to $100 billion.
Why the Valuation Is Coming Down
The broader AI sector has been under pressure in recent weeks, with public market investors growing increasingly skeptical of sky-high valuations attached to AI infrastructure and model companies. That selloff appears to have spilled directly into Anthropic's roadshow conversations, with institutional investors reportedly pushing back hard on the original $2 trillion-plus ask.
As one Yahoo Finance headline put it, Anthropic finds itself in an IPO