Anthropic IPO valuation under pressure after tech stock rout

What happened: Investors are reassessing what Anthropic is worth ahead of its planned Nasdaq listing. A sharp selloff in AI and technology stocks has put the offering under pressure. LA Times reported the shift on 6 November.

The numbers: The Nasdaq 100 fell 6% on Thursday, losing a record $2.3 trillion in value, according to Bloomberg. Anthropic publicly filed its S-1 on 26 October, proposing the ticker ANT on the Nasdaq Global Select Market.

Why it matters: The Wall Street Journal reported, citing sources, that some major investors are increasingly skeptical Anthropic can achieve a $1.5 trillion valuation. The report puts the valuation target itself in question, not just the timing.

The context: Reuters reported on 5 November that the AI backlash could threaten the timing of the IPO, according to potential investors. Reuters carried the report.

What's next: The offering needs an amended S-1 with a price range before it can proceed. Reported timing puts the roadshow as early as the week of 9 November, with pricing around 13 November or the following week. These dates are unconfirmed, and Anthropic has not commented.