Anthropic to Proceed With IPO Roadshow Next Week

Anthropic next week plans to proceed with formal marketing to potential investors for its upcoming initial public offering, say people familiar with the matter.

The IPO roadshow will follow two weeks of volatility for tech stocks after investors reacted to massive AI spending plans from Amazon and Google and a Democrat landslide in the mid-term elections. On Friday tech stocks rebounded but ended the week down 3%.

Anthropic is continuing with plans to list its shares the week of Nov 16th, before the U.S. Thanksgiving holiday. It’s been expected to raise more than $80 billion at a valuation of $1.5 trillion, but recent concerns about the AI-related stocks and spending could prompt it to seek a lower valuation.

An Anthropic spokesperson didn’t immediately respond to a request for comment.