Anthropic IPO Valuation Could Be Slashed in Half to $1T After AI Stock Rout: Report — SkimNews
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- Anthropic's expected $1.5 trillion IPO valuation is likely to come down, three major investors told The Wall Street Journal; one suggested closer to $1 trillion after the sell-off that sent the tech-heavy Nasdaq 100 down 6.3% on Thursday following the U.S. midterms.
- Anthropic filed last month to list on Nasdaq under the ticker "ANT," targeting the week before Thanksgiving and up to $100 billion in proceeds; executives and advisers are expected to meet in the coming days to discuss plans, and one investor told the Journal the raise could come in around $80 billion while another raised delaying the offering until conditions improve.
- Nvidia fell 9.2% Thursday as the S&P 500 closed down 4.4% and the Nasdaq 100 dropped 6.3% — their worst days since April 2025 — with the Philadelphia semiconductor index sliding 12.3%; by 11:21 a.m. ET Friday the Nasdaq Composite was up 1.4% and Nvidia had gained 3.4%.
- Bernie Sanders called for a "national data center moratorium" and Texas governor-elect Gina Hinojosa pledged to pause data center approvals in a state holding more than a quarter of planned U.S. data center capacity, while Democrats prepare bills shielding consumers from data-center electricity costs, requiring independent AI testing and clarifying liability — measures that would face steep odds while Trump remains in the White House.
- Richard Windsor called a delay an "escalating risk" in the current environment, and PitchBook's Nalin Patel said postponement would protect against near-term valuation risks and become more likely if the correction persists.
- Polymarket traders put the odds of an Anthropic listing by November 20 at 43% on Friday and by year's end at 71%; on Kalshi, the odds of an official IPO confirmation before December 1 fell 15 points to 59% and before January 1 slipped to 68%, while Decrypt Predict priced a pre-2027 IPO at 71%.
- Anthropic topped an $80 billion annualized revenue run rate at the end of October and held $146.6 billion in cash as of September 30 — the October results some investors want to see before assuming a cut — after a September leaked draft filing showed the company seeking a valuation around $2 trillion.
Why it matters: Anthropic's backers want the $1.5 trillion price cut to roughly $1 trillion before the week-before-Thanksgiving Nasdaq listing, while Polymarket odds of a listing by Nov. 20 sit at 43% and Kalshi's odds of confirmation before Dec. 1 fell 15 points to 59%. Some investors want October results first: an $80 billion-plus annualized revenue run rate and $146.6 billion in cash.
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