Anthropic IPO Valuation Draws Investor Skepticism After Selloff

Investors are questioning the price tag attached to Anthropic's planned listing, according to a Wall Street Journal report, after a sharp equity downturn left buyers wary of richly valued technology offerings.

The artificial intelligence developer had been expected to pursue an initial public offering at a valuation of about $1.5 trillion. That figure is now meeting resistance, with prospective backers arguing that recent market turbulence has changed what they are prepared to pay for growth stories of that magnitude.

The pushback reflects a wider reassessment of artificial intelligence companies, whose private valuations have climbed rapidly while public markets have become more selective. Buyers are said to be weighing revenue durability, capital spending commitments and the route to profitability rather than headline growth alone.

Neither Anthropic nor its advisers have confirmed final terms, and the timing, size and pricing of any offering could still change. Even so, the episode illustrates how quickly sentiment can shift for the most closely watched names in the sector, and how much of a company's hoped-for value now depends on the mood of the market it intends to enter.