Potential investors doubt that Anthropic can start its IPO roadshow next week and still list in November, Reuters reported in an exclusive citing four people familiar with the discussions. The roadshow had been expected the week of November 9, with pricing the following week.
The sources said a deeper discount may be needed to secure orders, given Anthropic's quarterly losses and large partner commitments. Some investors also see the recently discussed $1.5 trillion valuation as the high end of expectations. Anthropic declined to comment.
The timeline has slipped before: investors once expected an October listing at a valuation as high as $2 trillion. The doubts come amid a sharp sell-off in AI and tech stocks, which has put pressure on the IPO window.