Anthropic IPO Valuation Faces Pushback: Investors Call $1.5 Trillion Too High as Roadshow Nears
Anthropic's highly anticipated initial public offering is facing pushback over its valuation, The Wall Street Journal reported, citing investors familiar with the matter. At least three major investors planning to participate said the artificial intelligence company will probably need to lower its valuation, with one suggesting a figure closer to $1 trillion; another called a $1.5 trillion valuation a "stretch." The figure discussed in recent months was about $2 trillion. The investors spoke anonymously, Anthropic declined to comment, and the company has not set an official price range or share count.
Anthropic's amended S-1 filing of November 2 showed third-quarter revenue of about $17 billion, up from $11.6 billion in the second quarter, but a swing to a $567 million operating loss in the third quarter. The filing disclosed about $895 billion in purchase commitments for computing power, chips and other infrastructure, with close to $450 billion due before the end of 2030. People familiar with the matter said the offering could seek around $80 billion, rather than the previously anticipated $100 billion.
Anthropic plans to list Class A shares on the Nasdaq Global Select Market under the ticker ANT. A roadshow could start the week of November 9, with trading possibly beginning the week before Thanksgiving. The company's last official valuation was $965 billion, set in a $65 billion round in late May. Investor Michael Burry has expressed reservations about participating in the IPO.
Source: The Wall Street Journal
Published by GSM · USA (original Chinese edition)
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