Anthropic IPO Valuation Expectations Fall After Technology Selloff

CNBC reported on November 6, 2026 that some Anthropic investors were lowering their valuation expectations after the technology selloff, with one putting a more likely range at $1 trillion to $1.25 trillion. Anthropic was still expected to begin its IPO roadshow in the week of November 9, 2026. That range is below both the $1.5 trillion valuation one investor called a “stretch” and Anthropic’s recent $2 trillion objective.

The estimate could change with market conditions. The investors requested anonymity because they were not authorized to discuss the matter, and Anthropic declined to comment. Preparations are underway for a market debut expected within weeks. The estimates add detail to the investor push for better Anthropic IPO terms that Reuters reported on November 5, 2026. That earlier account described demands for a more attractive valuation and uncertainty over whether the roadshow timetable could still support a November 2026 listing.

Two pressures frame the shift: concern about the scale of AI companies’ spending and the broad market reversal after the midterm elections. On November 5, 2026, the Nasdaq lost more than 5%, its…