Anthropic's $1.5 trillion IPO faces investor pushback

Anthropic's planned initial public offering, which could value the AI company at $1.5 trillion, faces uncertainty as major investors question the valuation following a sharp selloff in technology stocks. Three major investors believe the proposed valuation may need to be reduced, with one suggesting it could fall closer to $1 trillion. Potential investors have also questioned whether Anthropic can proceed with its planned roadshow next week and a November listing, with some considering the valuation at the upper end of expectations. The uncertainty follows a broad selloff that erased approximately $2.5 trillion in market value from Nasdaq Composite companies on Thursday. Investors are also awaiting October revenue figures, which were left blank in an updated SEC filing, while Anthropic reported a $23.3 billion quarterly net loss, largely due to a $21.9 billion adjustment related to convertible notes.