Anthropic IPO under pressure as investors question $1.5tn valuation, listing timeline

Anthropic’s proposed IPO valuation is facing another round of cuts, with investors now discussing a figure of $1.2 trillion to $1.3 trillion, against expectations of around $2 trillion just a few weeks ago. Some investors believe the valuation could be closer to $1 trillion, raising questions about the pricing of what could become one of the biggest stock market listings.

The newly elected Democratic majority in Congress has changed the landscape for the data center build-out and AI. Not only have the specific build-out stocks been impacted, but Anthropic’s upcoming IPO seems to be badly hit too.