One investor who plans to buy into the Anthropic IPO told The Wall Street Journal that a valuation closer to $1 trillion may be more…

One investor who plans to buy into the Anthropic IPO told The Wall Street Journal that a valuation closer to $1 trillion may be more appropriate. That's a long way from the $1.5 trillion a lot of people had been expecting.

Per Yahoo Finance's summary of the WSJ report, some investors are now openly "skeptical" Anthropic can get to $1.5 trillion after this week's AI-stock rout. On Thursday the Nasdaq fell 5.5%, entered correction territory and posted its worst one-day drop in 19 months. Reuters tied part of that to concerns that Democratic election gains mean tougher AI oversight and a slower data-center buildout.

Anthropic has had a run of scrutiny lately, from the RSI threshold language in its amended S-1/A to the redacted evidence in METR's assessment. Now the scrutiny has moved to the price itself. What strikes me is that the company didn't change between Tuesday and Thursday. The market's read on its operating environment did, and that shift has investors talking about half a trillion dollars of difference.

Anthropic is still expected to go public this year, with OpenAI targeting 2027, though Reuters reports some potential investors are questioning whether the timing holds. Being first out the door means Anthropic sets the reference price for the whole category, in a market that's suddenly nervous about policy risk. I'm curious who gives ground first on pricing: Anthropic, or the buyers.

Source:
Yahoo Finance (citing The Wall Street Journal): https://finance.yahoo.com/markets/stocks/articles/5-things-investors-know-friday-133917370.html

Not financial advice. For informational and educational purposes only.