IPO Slump on Wall Street: Everyone is Waiting for Anthropic
Article excerpt
Highlighted: the sentence this signal was extracted from
Set Trending Topics on Google as your preferred news source. Record year for IPOs, but nobody wants to go public anymore: On Wall Street, the flow of new issues has recently dwindled to a trickle. Precisely in the quarter that was actually supposed to be a record quarter for IPOs, numerous companies are putting their plans on hold, as reported by the Financial Times. Investors primarily have eyes for one company: Anthropic. According to Bloomberg, some candidates are deliberately holding back because it is difficult to get any attention alongside the AI group's IPO. According to Renaissance Capital, not a single IPO is scheduled in the US for the coming week; potential candidates include the British data center operator Nscale. The list of canceled or postponed IPOs is growing: The two major AI IPOs are also delayed. Anthropic, whose backers hope for a valuation of more than 2 trillion dollars (around 1.7 trillion euros), is not expected to go public until mid-November after the US midterm elections, later than expected. OpenAI has postponed its IPO to 2027. Yet, the year has been a booming business for investment bankers so far, primarily thanks to SpaceX's IPO in June, which set a record with 86 billion dollars (around 74 billion euros). But now, concerns are growing about a downturn in the AI sector and public resistance to data centers. According to one banker, many...
Keep reading with a free account
The rest of this article, and every signal for Anthropic, is in your free account.
