Anthropic IPO valuation reportedly shrinks to $1.1-1.3 trillion after tech selloff

Anthropic's initial public offering (IPO) valuation has reportedly shrunk by nearly half to between $1.1 trillion and $1.3 trillion, down from an earlier estimate of $2 trillion, due to a post-election tech stock selloff. The Nasdaq 100 index plunged 6.4% on November 5, erasing $2.3 trillion in market value, which prompted potential investors to reassess the AI developer's worth. Concerns over stricter regulatory scrutiny on data centers following Democratic gains in Congress have also weighed on the IPO. Analysts suggest a $1 trillion valuation could reduce volatility risk, warning against a repeat of SpaceX's sharp price swings after listing. Anthropic may delay the offering, though experts note postponement could cause greater long-term valuation damage.