Anthropic's major investor questions $1.5 trillion IPO valuation, may require significant downward revision

Anthropic’s major investors are increasingly doubtful that the AI company can launch its IPO at the targeted $1.5 trillion valuation, according to The Wall Street Journal, and say it may need to price significantly below that level. The company aims to start the offering in the week before Thanksgiving, with prior market expectations of raising up to $100 billion. The skepticism follows a broad selloff triggered by the unwinding of AI-related bets, which has pressured valuations across the sector. The outcome matters as a test of investor appetite for large AI listings after the recent drawdown. What to watch next is whether Anthropic proceeds on schedule and at what revised valuation and deal size.