Anthropic PBC is set to begin formally marketing its highly anticipated IPO as early as Tuesday, despite recent volatility in AI-related stocks. The company plans to proceed with its offering, which could be as large as SpaceX’s record-setting debut, even as the Nasdaq 100 dropped 14% in the past month. Valuation talks have cooled from earlier estimates of $1.1 trillion to $1.3 trillion, reflecting broader market skepticism. The IPO timeline targets a pricing and debut on the Nasdaq Global Select Market the week of Nov. 16, following a mandatory 15-day waiting period after its public filing. Institutional investor meetings will begin immediately, with retail investors in the US, Japan, and the UK also set to participate, potentially receiving up to 20% of available shares.
Anthropic faces headwinds including slowing quarterly revenue growth and political uncertainty following the US midterm elections, which triggered a selloff in AI stocks. Concerns over AI safety and potential regulatory interventions from Democratic lawmakers add further complexity. Despite these challenges, supporters like Vivek Seth of Shaires Holdings and Peter Singlehurst of Baillie Gifford remain bullish, praising Anthropic’s long-term fundamentals, institutional backing, and over $130 billion in cash reserves. They view the company as a once-in-a-generation opportunity, with its AI models positioned not just for efficiency but for solving complex, high-value problems.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing