Overview
- Anthropic is pressing ahead with a fast roadshow-and-listing plan this month while major investors question the company’s sky-high valuation targets.
- Buyers have pushed back from earlier $2 trillion talk to roughly $1.5–1.6 trillion and some have suggested valuations closer to $1 trillion.
- Several institutional investors have asked Anthropic and its advisers for October revenue figures and clearer profit trends before committing to pricing.
- Investors point to the firm’s recent quarterly losses and heavy planned spending on AI infrastructure as concrete reasons to demand a price cut.
- If the valuation gap is not closed, underwriters may need to shrink the size of the deal or lower the price, and a reduced debut would cut the capital Anthropic can immediately deploy for growth.