Anthropic's $1.5 Trillion IPO Faces Headwinds as Investors Question Lofty Valuation

Anthropic's planned IPO roadshow risks delays as investors push back against its $1.5 trillion valuation and demand steeper discounts. Key investor concerns include ongoing losses and the massive cash burn required to expand AI infrastructure. An updated S-1 filing also omitted October revenue figures. Compounded by a tech selloff following state-level measures restricting data center expansion, the potential $100 billion offering may be pushed back.