Anthropic IPO buyers see valuation as low as $1.1T

Anthropic PBC’s initial public offering plans ran into a punishing post-election selloff, prompting a rethink among prospective investors of the company’s expected valuation.

Ahead of the AI lab kicking off formal IPO marketing next week, potential buyers are discussing about a $1.2 trillion to $1.3 trillion valuation range for the company, according to people familiar with the matter. Some are weighing a value as low as $1.1 trillion, one of the people said.