Investors Push for Lower Anthropic Valuation Ahead of IPO

Potential investors in Anthropic's IPO are demanding a reduction in the target valuation from $1.5 trillion to approximately $1–1.25 trillion, with the fate of the offering to be determined by the disclosure of October revenue in the next S-1 amendment.

Compiled by Sergey KostenchukPublished 2026-11-08Updated 2026-11-08

2026-11-08 Business Anthropic

💼 Investors Demand Valuation Discount for Anthropic Ahead of IPO

Potential investors in Anthropic's IPO consider the $1.5 trillion valuation inflated and are demanding a discount: one proposed $1–1.25 trillion, while another suggested up to $1 trillion or raising approximately $80 billion instead of $100 billion. Pressure intensified following the Nasdaq crash on November 5—the worst session in 19 months.

🌍 If the largest IPO in history is priced below expectations or delayed, a reassessment of multiples will be cemented for the entire AI sector: CoreWeave, Nebius, and IREN have already lost over 10%.

👤 Attention should be paid to the next S-1 amendment: October revenue has not been disclosed. Without a price range by the week of November 16, the Nasdaq roadshow (ticker ANT) will be postponed. This does not pose any changes to the product or API pricing for Claude users.

Source 1: https://www.cnbc.com/2026/11/06/investors-brace-for-anthropic-valuation-1point5-trillion-a-stretch.html Source 2: https://finance.yahoo.com/markets/stocks/articles/big-investors-now-doubt-anthropic-133505249.html

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