Market sentiment around Anthropic’s IPO is broadly pessimistic for now.
The company has seen an email recalled, while its valuation and fundraising target have been successively lowered. The offering is priced at $70–78 per share, with a maximum raise of $64.4 billion, implying a valuation of $920 billion–$1.02 trillion—halving the earlier expectation of $1.5–2 trillion.
Judging by SpaceX’s IPO performance, U.S. stocks are currently experiencing extreme volatility, no less than the altcoin market. Large valuation swings driven by sentiment have become the norm.
Based on its actions, Anthropic is pushing ahead with its IPO at full speed: it has spent $3.4 billion on gas turbines for power generation and urgently launched Fable5.2. It is unlikely to cancel the listing lightly. The cost of delaying a massive project is extremely high, and numerous stakeholders are tied to it and waiting for a payoff. If it is put on hold, it could easily trigger a market death spiral. No party could easily bear that outcome, so there is an expectation of support going forward.
After listing, its valuation will still be repriced sharply in line with broader market sentiment. If the market recovers and liquidity loosens by then, there will be room to rise further from its trillion-dollar valuation base; if market conditions remain sluggish, its valuation will be compressed further.
The central contest in the AI sector has reached a pivotal point where private- and public-market valuations converge. Anthropic’s pricing will also become an important barometer for the entire AI sector.
#Anthropic #AI
The company has seen an email recalled, while its valuation and fundraising target have been successively lowered. The offering is priced at $70–78 per share, with a maximum raise of $64.4 billion, implying a valuation of $920 billion–$1.02 trillion—halving the earlier expectation of $1.5–2 trillion.
Judging by SpaceX’s IPO performance, U.S. stocks are currently experiencing extreme volatility, no less than the altcoin market. Large valuation swings driven by sentiment have become the norm.
Based on its actions, Anthropic is pushing ahead with its IPO at full speed: it has spent $3.4 billion on gas turbines for power generation and urgently launched Fable5.2. It is unlikely to cancel the listing lightly. The cost of delaying a massive project is extremely high, and numerous stakeholders are tied to it and waiting for a payoff. If it is put on hold, it could easily trigger a market death spiral. No party could easily bear that outcome, so there is an expectation of support going forward.
After listing, its valuation will still be repriced sharply in line with broader market sentiment. If the market recovers and liquidity loosens by then, there will be room to rise further from its trillion-dollar valuation base; if market conditions remain sluggish, its valuation will be compressed further.
The central contest in the AI sector has reached a pivotal point where private- and public-market valuations converge. Anthropic’s pricing will also become an important barometer for the entire AI sector.
#Anthropic #AI