October 15th 2026, 9:05 PM
AI Startup Anthropic Slashes IPO Valuation Expectations to $1.5 Trillion
Key Summary
Investors now expect Anthropic, a Claude maker, to list at a valuation of around $1.5 trillion, down from earlier talk of $2 trillion, in anticipation of a Nasdaq listing in November 2026. Goldman Sachs and Morgan Stanley are among the underwriters.
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Key Points
Anthropic is positioning for a Nasdaq listing anticipated in November 2026, after the US midterm elections. Goldman Sachs and Morgan Stanley are among the underwriters.Investment Expectations
Early conversations with bankers and investors floated a figure of approximately $2 trillion. Recent reports suggest that ambition has cooled, with investor expectations now sitting at around $1.5 trillion.Valuation and Growth
Anthropic's last private valuation was $965 billion, set after its Series H round in May 2026. The company has locked in $518 billion in long-term commitments to cloud and compute infrastructure.Implications for the IPO
A lower valuation target could make the offering easier to sell and leave room for post-listing gains. Pushing too hard on price risks a weak debut that sours sentiment.Key Metrics to Watch
Quarterly revenue growth stabilization or slowing. Gross margins holding near 85% as usage scales. Management framing the $518 billion compute obligation against its revenue trajectory.#AI#Crypto#US#IPO