AI Developer Anthropic Reportedly Lowers IPO Valuation Target Despite Strong Demand

AI firm Anthropic's upcoming IPO has seen investor demand exceeding available shares, primarily from anchor investors. However, the company is now reportedly aiming for a $1.33 trillion valuation, down from earlier estimates of $1.5 trillion to $2 trillion. This adjustment follows a recent AI market selloff, prompting major investors to push for a reduced price for the 825 million shares.