Anthropic’s Blockbuster IPO Hits a Wall as the AI Stock Selloff Bites

Anthropic’s long-awaited initial public offering was supposed to be the defining financial event of the AI boom — a landmark listing that would crown one of the world’s most valuable startups and set the tone for the entire sector. Instead, it is walking straight into the sharpest technology selloff in a year, and investors are suddenly asking for a discount. The AI lab behind the Claude models filed for its U.S. IPO last month and was widely expected to launch a formal roadshow the week of November 9, with pricing the following week and a debut that some hoped would reach a staggering $1.5 trillion valuation. But the market has other ideas. According to people familiar with investor discussions, prospective buyers are now talking about a valuation range of roughly $1.2 trillion to $1.3 trillion — a meaningful haircut from earlier expectations.

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