Anthropic’s IPO hasn’t been canceled, but its valuation is being bargained down.
At the start of October, people were still talking about $2 trillion. On November 6, Bloomberg reported that buyers were only willing to discuss $1.2–1.3 trillion, with some pushing for $1.1 trillion. The Wall Street Journal said three major institutional investors thought $1.5 trillion needed to come down closer to $1 trillion. The trigger was the Nasdaq’s 6.4% single-day drop on November 5, wiping out $2.3 trillion in value in one day.
The filings themselves haven’t changed: Anthropic filed its S-1 on October 26 and added third-quarter figures on November 2. Revenue for the first nine months was $33.2 billion, and the price range is still blank. Reuters reported that it’s even unclear whether the roadshow can start on schedule, while Polymarket puts the odds of an IPO before November 20 at just 30%.
Interestingly, the crypto crowd has already made the first move: Hypercall on Hyperliquid will open Anthropic options at 8 a.m. tomorrow, with round-the-clock trading. The company isn’t public yet, but the betting market is already open.
#Anthropic #IPO
At the start of October, people were still talking about $2 trillion. On November 6, Bloomberg reported that buyers were only willing to discuss $1.2–1.3 trillion, with some pushing for $1.1 trillion. The Wall Street Journal said three major institutional investors thought $1.5 trillion needed to come down closer to $1 trillion. The trigger was the Nasdaq’s 6.4% single-day drop on November 5, wiping out $2.3 trillion in value in one day.
The filings themselves haven’t changed: Anthropic filed its S-1 on October 26 and added third-quarter figures on November 2. Revenue for the first nine months was $33.2 billion, and the price range is still blank. Reuters reported that it’s even unclear whether the roadshow can start on schedule, while Polymarket puts the odds of an IPO before November 20 at just 30%.
Interestingly, the crypto crowd has already made the first move: Hypercall on Hyperliquid will open Anthropic options at 8 a.m. tomorrow, with round-the-clock trading. The company isn’t public yet, but the betting market is already open.
#Anthropic #IPO
