Anthropic’s $1.5T Ask Meets Resistance
Three major IPO investors told the Wall Street Journal the target valuation must come down, with one pointing near $1 trillion.
The Wall Street Journal reported on 5 November 2026, citing people familiar with the matter, that three major investors planning to participate in Anthropic’s IPO believe the company will have to lower its $1.5 trillion valuation target, with one saying it could fall closer to $1 trillion. Delaying the listing and reducing the offering size were described as options under discussion. Separately, Reuters reported that potential investors question whether the roadshow can begin in the week of 9 November as planned. Anthropic held $146.6 billion in cash as of 30 September. Both reports rely on unnamed sources.
