Anthropic's $1.5 trillion IPO hits resistance as investors balk at valuation

Anthropic's IPO is facing investor pushback on its $1.5 trillion valuation amid a tech selloff, with Reuters reporting that potential backers doubt the planned roadshow can start next week as scheduled. Investors reportedly want a steeper discount because Anthropic is still losing money and burning cash to scale AI infrastructure, and they are awaiting October revenue numbers missing from the updated S-1 filing. The Wall Street Journal also reports IPO investor skepticism, and a delay to the offering—estimated at up to $100 billion in size—could further shake confidence in the broader AI sector.