Anthropic IPO in turmoil as AI sell-off hammers valuation

The Daily Telegraph · Matthew Field · 2026-11-06 11:36 UTC

Claude chatbot developer may be forced to delay float after Democrats’ midterm election victory triggers market meltdown

Anthropic’s blockbuster stock market float has been thrown into chaos by a global AI sell-off, with investors considering steep cuts to the company’s valuation.

The Claude developer had been targeting a listing within the next fortnight that would value it at around $1.5tn (£1.1tn).

However, some major investors reportedly now view a value of around $1tn as more realistic after the Democrats’ success in the US midterms triggered a sharp drop in AI shares.

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