# Anthropic IPO faces investor pushback on a $1.5T valuation

> Reuters and the Wall Street Journal report that potential investors doubt the roadshow starts next week and want a lower price.

URL: https://claudegpt.si/news/anthropic-ipo-investor-pushback  
Published: 2026-11-06T14:53:51.438Z  
Author: ClaudeGPT Si Newsroom  
Section: AI News  
Topics: Anthropic, IPO, Tech stocks  
Publisher: ClaudeGPT Si

## Key takeaways

- Reuters and the WSJ report, per The Decoder, that potential investors think a $1.5 trillion valuation is too high.
- Reuters reports backers doubt the roadshow can start next week, and are waiting for October revenue figures missing from the S-1.
- Anthropic's amended S-1 of November 2 itself sets no price range, so no valuation is official.

Some potential investors in [Anthropic's IPO](https://claudegpt.si/news/anthropic-ipo-valuation-s1-no-price-yet) think a $1.5 trillion valuation is too high, and some doubt the roadshow can start next week as planned, according to reports from Reuters and The Wall Street Journal. We could not open either outlet, so this account follows [The Decoder's summary](https://the-decoder.com/anthropics-1-5-trillion-ipo-hits-resistance-as-investors-balk-at-valuation/) of them, published November 6.

## What the reports say

The Decoder says Reuters, in a report dated November 5, found that potential backers doubt the roadshow can begin as scheduled. They are waiting for October revenue figures, which the updated S-1 filing does not include. The Journal reports that major investors are skeptical Anthropic can reach $1.5 trillion.

In September, Anthropic was reportedly eyeing as much as $2 trillion. One investor reportedly floated $1 trillion. Investors want a bigger discount, The Decoder says, because Anthropic is still losing money and spending heavily on AI infrastructure.

## Why the timing is awkward

The pushback lands in the middle of a tech selloff. Ballot measures aimed at data center expansion passed in several states in the November 3 midterms, and AI-linked stocks fell sharply, as we covered in our reports on [Nvidia](https://claudegpt.si/news/nvidia-stock-down-november-5) and [Micron](https://claudegpt.si/news/micron-stock-down-november-5). The Decoder says the offering could be delayed if AI stocks stay under pressure, and puts its possible size at up to $100 billion.

## What is confirmed

Our own reading of the amended S-1, filed November 2, found the price range and share count blank, so the filing itself sets no valuation. Anthropic has not publicly commented on the reports, as far as we could find. Watch for another amendment with a price range. That is the step that normally comes just before a roadshow.

## Sources

- [Anthropic's $1.5 trillion IPO hits resistance as investors balk at valuation](https://the-decoder.com/anthropics-1-5-trillion-ipo-hits-resistance-as-investors-balk-at-valuation/), The Decoder
- [AI backlash could threaten Anthropic IPO timing, potential investors say](https://www.reuters.com/world/ai-backlash-could-threaten-anthropic-ipo-timing-potential-investors-say-2026-11-05/), Reuters
- [Major investors are skeptical Anthropic IPO can achieve $1.5 trillion valuation](https://www.wsj.com/finance/major-investors-are-skeptical-anthropic-ipo-can-achieve-1-5-trillion-valuation-ca965d8b), The Wall Street Journal
- [Anthropic amended Form S-1](https://www.sec.gov/Archives/edgar/data/2130357/000162828026068676/anthropicpbc-sx1ax1.htm), SEC