Anthropic 1.5 万亿美元 IPO 遇阻，投资者质疑估值过高
Anthropic's $1.5 trillion IPO hits resistance as investors balk at valuation
Anthropic 的 IPO 因投资者对 1.5 万亿美元估值提出异议而受阻，部分潜在投资方怀疑原定下周启动的路演能否如期进行。9 月时该公司还曾瞄准最高 2 万亿美元的估值，如今有投资者认为 1.5 万亿也偏高，甚至有人提出仅 1 万亿美元。
投资者对 Anthropic 1.5 万亿美元估值的抵触，折射出 AI 基础设施烧钱模式在公开市场上的定价分歧。
Anthropic's IPO is in trouble as investors push back on the $1.5 trillion valuation and the tech market sells off. According to Reuters, potential backers doubt the planned roadshow can kick off next week as scheduled.
As recently as September, the company was eyeing a valuation of up to $2 trillion. Now some investors think even $1.5 trillion is too rich. One investor reportedly floated a valuation of just $1 trillion. Investors want a steeper discount because Anthropic is still losing money and burning through cash to scale its AI infrastructure. They're also waiting on October revenue numbers, which are missing from the updated S-1 filing.
The midterm elections made things worse. Ballot initiatives targeting data center expansion passed in several states, triggering the sharpest tech selloff in a year. The Wall Street Journal also reports that IPO investors are skeptical. If AI stocks stay under pressure, Anthropic could delay the offering, which some estimates peg at up to $100 billion in size. A delay could further shake confidence in the broader AI sector.
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来源：The Decoder · the-decoder.com