Anthropic's Reported IPO Target Faces Investor Resistance

What happened: Decrypt, citing The Wall Street Journal, reported that three prospective IPO investors questioned Anthropic's $1.5 trillion valuation target, with one suggesting a figure closer to $1 trillion. The report followed September projections of $2 trillion and a 6.3% Nasdaq 100 decline on November 6. The supplied research put Polymarket's leading valuation bracket at $1.25 trillion to $1.5 trillion, carrying a 43.7% probability on November 6.

Why it matters: The suggested $1 trillion valuation is an investor's assessment reported through a single underlying newspaper story, not an announced offering price. Describing it as a settled halving would blur the difference between September projections, the reported target and the valuation ultimately accepted by buyers. Prediction-market pricing offers another sentiment indicator, but its leading bracket remained above that investor's suggested figure and cannot establish either final pricing or listing timing.

Source: Decrypt.