BREAKING: Major investors are “increasingly skeptical” that Anthropic’s IPO can proceed at the expected valuation of $1.5 trillion after today’s market drop, per WSJ.
One major investor said Anthropic’s valuation will need to come down to $1 trillion.
This marks a major reversal from the $2+ trillion closing market cap expected by markets just months ago.
Anthropic has been planning to IPO prior to Thanksgiving.
It’s unclear if today’s crash will impact that timeline.