IA: Anthropic could lower its stock market ambitions
The creator of Claude is targeting an IPO the week of November 16, but key investors fear a valuation below $1.5 trillion.
Quick Look
- Anthropic may have to accept a valuation of less than $1.5 trillion for its IPO scheduled for the week of November 16, according to the Wall Street Journal.
- The fall in technology stocks has cooled key investors, who estimate the valuation closer to 1 trillion.
- The company could also reduce the size of the operation or postpone it.
AI-generated summary
Why It Matters
Anthropic, creator of the Claude assistant, is preparing an IPO which could be the largest in history, ahead of that of SpaceX in June (nearly 86 billion). The company is aiming to raise up to $100 billion. In October, several investors had already reduced their valuation expectations from around 2 trillion to around 1.5 trillion dollars, after a slowdown in Anthropic's revenue growth.
The American flagship of artificial intelligence (AI) Anthropic may have to settle for a valuation of less than $1,500 billion for its IPO, the brutal fall in technology stocks having cooled off key investors, the Wall Street Journal reported on Thursday.
The creator of the Claude assistant is aiming for an IPO the week of November 16 and was expected to raise up to 100 billion dollars, according to the American press, which would make it the largest in history, ahead of that of SpaceX in June (nearly 86 billion).
Three large investors who intend to participate in the operation indicated to the daily that the valuation should probably be lowered, one of them estimating it closer to 1,000 billion dollars. In October, several investors had already reduced their expectations from around 2 trillion to around 1.5 trillion dollars, after a slowdown in Anthropic's revenue growth.
A postponed introduction?
One of the investors cited by the WSJ even raised the possibility that Anthropic would postpone its IPO. The company could also reduce the size of the operation, according to the daily.
This IPO is being prepared as investors become increasingly concerned about the colossal sums invested in AI. On Thursday, the Nasdaq index, with its strong technological coloring, plunged more than 5.5%, its biggest fall since April 2025, investors fearing a brake on the construction of data centers after the large victory of the Democrats in the mid-term elections. Contacted by AFP, the company did not immediately respond.
The scale of the operation and Anthropic's close business ties with Google, Amazon and Nvidia give this project significant repercussions for the markets and the economy. Its rival OpenAI, creator of ChatGPT, has postponed its own IPO project until 2027.
What to Watch
AI outlook — possibilities, not facts
Anthropic will accept a valuation of less than $1.5 trillion for its IPO.
Likely · Within weeks
Anthropic could reduce the size of its IPO or postpone it.
Possible · Within weeks
Open Questions
- Will Anthropic officially confirm a valuation drop?
- Will the IPO be postponed or maintained for the week of November 16?
- What will the final size of the operation be if it is reduced?
