Anthropic’s $1.5 trillion IPO in doubt as AI sell-off spooks investors

Anthropic s blockbuster $1.5 trillion (£1.1 trillion) stock market listing could be delayed or forced into a dramatic valuation cut after a brutal Wall Street sell-off left investors questioning the price tag on one of the world s most valuable AI firms. The ChatGPT rival is facing growing pressure to lower its valuation as a rout in tech stocks threaten to derail what could become the largest initial public offering in history. The Nasdaq plunged around six per cent on Thursday, wiping roughly $2.5 trillion from US tech stocks as investors fled AI-related firms following the US midterm elections. Three major investors considering participating in Anthropic s IPO believe its proposed $1.5 trillion valuation will need to come down, according to the Wall Street Journal, with one suggesting a figure closer to $1 trillion. Lawrence Mills, analyst at Trade Nation, told City AM that the valuation looked increasingly difficult to justify. The road show is due to kick off next