Emergency Withdrawal of Prospectus
Artificial intelligence company Anthropic's initial public offering plan has encountered uncertainty. The company had planned to issue approximately 八點六七億 shares at a price range of 七十 to 八十 dollars per share; calculated at the top of the range, the offering would raise approximately 六九三點六億 dollars, potentially ranking among the largest IPOs in global history. After sending an updated prospectus to investment banks, the company immediately notified them of its withdrawal, citing erroneous information, and will provide a revised version.
It has not yet been explained whether the errors involve the number of shares, the price range, or the total offering size, leaving the widely watched 六九三億-dollar fundraising scale without a reliable basis for now. As the incident occurred on the eve of the IPO investor roadshow, investors must wait for the formal revised document to confirm the final offering terms.
Valuation Expectations Cool Significantly
Amid this episode, market expectations for Anthropic's listing valuation have shifted. The company has recently continued pricing discussions with Goldman Sachs and Morgan Stanley; 一週前 market expectations were still around 一點五兆 dollars, and earlier this year there were even reports of approaching 二兆 dollars, with the fundraising scale expected to exceed 八百億 dollars. After a sharp sell-off in AI-related stocks last week, some major investors began demanding a lower valuation.
The valuation range recently discussed by potential investors is approximately 一點一兆 to 一點三兆 dollars, significantly below the peak level reported in 十月初. The underwriting also faces a dilemma: if the offering price is set too high, it could reduce institutional investors' willingness to subscribe and increase the risk of a post-listing share price decline; if priced too low, it may fail to fully achieve the fundraising target.
Revenue Growth and New Model Releases
To support investor confidence, the company is pointing to operating performance. The updated prospectus shows that for the 九個月 ended 九月三十日, the company reported revenue of 三三二點四億 dollars, up approximately 一千二百趴 from the same period last year, demonstrating rapid expansion in AI product commercialization.
On 本週一 the company simultaneously released two models, Claude Fable 五點二 and Claude Mythos 五點二, claiming output speed improvements of up to 三成 over the previous generation, with lower pricing. Among them, Fable 五點二 targets software development, reasoning, and AI agent tasks, while Mythos 五點二 is aimed at vetted cybersecurity and life sciences research institutions.
Listing Plan Proceeds
Despite the withdrawal of the prospectus, the company has not abandoned its listing plan for now. The company is expected to meet with major institutional investors this week, and could begin trading as early as next Thursday or Friday, with plans to list on Nasdaq under the ticker ANT. If market conditions continue to deteriorate, the listing timetable may still be adjusted, and the final offering size, offering price, and valuation remain subject to confirmation in the formal documents.