Anthropic IPO meets resistance as investors question $1.5 trillion valuation

Anthropic's $1.5 trillion IPO hits resistance as investors balk at valuation

Anthropic's IPO is under pressure as investors question its $1.5 trillion valuation amid a tech stock slide, and the roadshow set to start next week may be delayed. Reuters reports investors want a bigger valuation discount, citing continuing losses, cash spent on AI infrastructure, and an updated S-1 that lacks October revenue data. One investor reportedly floated a $1 trillion valuation.

Why it matters: Investor doubts over Anthropic's IPO valuation, plus losses, infrastructure spending and missing revenue data, make the listing harder to pull off.