Insider: Doubts about advertising tour: Anthropic's IPO is shaky

Tech stocks are plummeting after Democrats win the midterms. The uncertainty is great. Now the planned IPO of the AI ​​company Anthropic, known for its chatbot Claude, is also expected to be delayed.

According to insiders, potential investors are doubting the schedule for the highly anticipated IPO of the AI ​​startup Anthropic. The advertising tour planned for next week among lenders for an initial listing in November is in jeopardy, four people familiar with the events told the Reuters news agency. Investors are therefore pushing for a lower valuation than the last discussed $1.5 trillion.

Anthropic may have to offer a larger discount to secure commitments. Investors pointed to the company's ongoing quarterly losses and its high financial commitments to expand artificial intelligence (AI). Anthropic declined to comment.

Tech Stock Bloodbath

The background to the reluctance is the strongest sell-off in technology stocks in a year and uncertainty after the US congressional elections. Investors are also waiting for Anthropic's sales figures for October, which the company initially left open in its updated prospectus. To make matters worse, initiatives to restrict data centers were successful in voting in several US states.