00:00It's Benzinga bringing Wall Street to Main Street.
00:02Institutional investors are pushing for a lower valuation in Anthropik's upcoming initial public
00:08offering following last week's technology stock sell-off, according to the Wall Street Journal.
00:13Investors are now targeting a valuation between $1.5 trillion and $1.6 trillion,
00:20down from earlier discussions near $2 trillion. Concerns include volatile markets,
00:26over-exposure to AI investments, political opposition to data centers,
00:30and uncertainty over when major technology companies will see AI-related profits.
00:36Anthropik has yet to finalize its IPO valuation or share offering,
00:41while some investors have pushed for a valuation closer to $1.5 trillion,
00:46according to the Information and Reuters. Anthropik plans to begin its investor roadshow as soon as
00:52next week, with its stock market debut expected before Thanksgiving.
00:56Other companies considering IPOs are watching Anthropik's performance before moving forward.
01:01For all things money, visit Benzinga.com.
