Anthropic Sets Nasdaq IPO Roadshow to Start Tuesday Morning

Anthropic's Nasdaq IPO roadshow was scheduled to begin Tuesday morning ET, putting the Claude developer's planned share sale before investors as valuation discussions sit below earlier expectations. The company has kept the IPO on its stated timetable.

Potential buyers have discussed a valuation of $1.2 trillion to $1.3 trillion, with some considering figures as low as $1.1 trillion. Those figures are below earlier expectations that reached $2 trillion and the $1.4 trillion to $1.5 trillion range viewed as reasonable before Thursday's U.S. stock selloff.

The current $1.2 trillion to $1.3 trillion range is about 35% to 40% below the $2 trillion high-end expectation. Anthropic has not postponed the IPO despite the lower valuation expectations and is proceeding with the roadshow as planned.

That makes Tuesday's roadshow the immediate milestone for the proposed Nasdaq listing, while the valuation discussion shows the gap between current buyer views and earlier expectations.