Anthropic Presses Ahead With Nasdaq IPO as Investors Tell WSJ the Valuation Must Fall
Anthropic is still moving toward a November Nasdaq listing after Thursday's selloff, but three major would-be IPO participants told the Wall Street Journal the $1.5 trillion valuation analysts had forecast needs to come down. The S-1 shows $16.3 billion in first-half revenue and a net loss of almost $81 billion. The pricing and the start of the roadshow, expected within days, will show how much the selloff costs the company.