Wall Street Urges Anthropic to Price IPO Conservatively

Last week's sell-off in U.S. tech stocks has prompted major investors planning to take part in Anthropic's initial public offering (IPO) to reach a new consensus on the AI giant's listing valuation, leaning toward a lower figure. According to people familiar with the matter, institutional investors in recent days have told the Claude developer and its advisers that the valuation in the IPO later this month should be set at roughly $1.5 trillion to $1.6 trillion, well below the near $2 trillion level that has been widely rumored in the market in recent months. (Sina Finance)