Investors doubt Anthropic IPO can hit even $1.5T

Major investors are growing more skeptical that Anthropic’s IPO can go ahead at the expected $1.5 trillion valuation after a deep selloff in AI-related bets, The Wall Street Journal reports, citing people familiar with the matter. That $1.5 trillion was already the lowered figure: in October, Reuters sources said investors were discussing it in place of the roughly $2 trillion expected before.

The offering has been expected to raise up to $100 billion at a valuation of around $1.5 trillion, and Anthropic is aiming to list the week before Thanksgiving.