Exclusive-AI backlash could threaten Anthropic IPO timing, potential investors say
· CNA · JoinRead a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST Tap here to return to FAST
FAST
NEW YORK/SAN FRANCISCO, Nov 5 : Potential investors in Anthropic's highly anticipated IPO are raising doubts about whether the artificial intelligence start-up can proceed with its planned roadshow next week in time for a November listing, people familiar with investor discussions said.
Investors are pushing for a more attractive valuation to commit to the offering, with some viewing the recently discussed $1.5 trillion valuation as being at the high end of expectations, the people said.
The discussions reflect in part the impact of the sharpest technology selloff in a year and geopolitical uncertainty clouding the outlook for new offerings.
Anthropic declined to comment.
CNA Games
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
Show More
Show Less
The roadshow was initially expected to kick off the week of November 9, Reuters previously reported, with pricing expected the following week.
Anthropic may need to offer a bigger discount to secure investor commitments, particularly as investors recognize the company's need to raise capital, the people said, given a record of quarterly losses and the large commitments it has made to partners in the AI buildout.
Newsletter
Week in Review
Subscribe to our Chief Editor’s Week in Review
Our chief editor shares analysis and picks of the week's biggest news every Saturday.
Sign up for our newsletters
Get our pick of top stories and thought-provoking articles in your inbox
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app