Anthropic's planned initial public offering — which could be the first for a frontier AI model developer — is being repriced in real time. Prospective investors are now discussing a valuation of $1.2 trillion to $1.3 trillion, down from the $1.4 trillion to $1.5 trillion range communicated to bankers just days earlier, and far below the $2 trillion figures floated in early October, Bloomberg reported Friday according to Investing.com [1]. The Wall Street Journal reported Thursday that three major prospective investors said the offering would need to be priced lower, with one suggesting a valuation closer to $1 trillion [1].
The reassessment follows Thursday's 6.4% plunge in the Nasdaq 100, which wiped out roughly $2.3 trillion in market value in its largest single-day decline on record [1]. The Cboe Volatility Index climbed to its highest level since April 2025 [1].
