Anthropic上市估值遇阻：机构投资者称1.5万亿美元过高 路演下周启动
据《华尔街日报》报道，人工智能公司 Anthropic 即将启动的首次公开募股（IPO）遭遇机构投资者对估值的质疑：至少三家计划参与认购的大型投资者认为，公司可能需要下调估值，其中一家认为合理的估值更接近 1 万亿美元；另有投资者称 1.5 万亿美元的估值“过高”。今年 10 月市场流传的估值约为 2 万亿美元。上述说法均来自不愿具名的知情投资者，Anthropic 未予置评，公司尚未公布正式的发行价区间与发行股数。
Anthropic 11 月 2 日提交的修订版招股文件显示，公司第三季度收入约 170 亿美元，高于第二季度的 116 亿美元，但第三季度转为营业亏损 5.67 亿美元；文件还披露，公司在算力、芯片与基础设施方面的采购承诺约为 8,950 亿美元，其中近 4,500 亿美元在 2030 年底前到期。知情人士称，本次募资规模可能为 800 亿美元左右，低于此前预期的 1,000 亿美元。
按计划，Anthropic 将在纳斯达克全球精选市场上市，股票代码为 ANT；路演可能于 11 月 9 日当周启动，上市时间可能在感恩节前一周。公司最近一次官方估值为今年 5 月一轮 650 亿美元融资时确定的 9,650 亿美元。投资者迈克尔·伯里已表示对参与此次 IPO 持保留态度。
Anthropic IPO Valuation Faces Pushback: Investors Call $1.5 Trillion Too High as Roadshow Nears
Anthropic's highly anticipated initial public offering is facing pushback over its valuation, The Wall Street Journal reported, citing investors familiar with the matter. At least three major investors planning to participate said the artificial intelligence company will probably need to lower its valuation, with one suggesting a figure closer to $1 trillion; another called a $1.5 trillion valuation a "stretch." The figure discussed in recent months was about $2 trillion. The investors spoke anonymously, Anthropic declined to comment, and the company has not set an official price range or share count.
Anthropic's amended S-1 filing of November 2 showed third-quarter revenue of about $17 billion, up from $11.6 billion in the second quarter, but a swing to a $567 million operating loss in the third quarter. The filing disclosed about $895 billion in purchase commitments for computing power, chips and other infrastructure, with close to $450 billion due before the end of 2030. People familiar with the matter said the offering could seek around $80 billion, rather than the previously anticipated $100 billion.
Anthropic plans to list Class A shares on the Nasdaq Global Select Market under the ticker ANT. A roadshow could start the week of November 9, with trading possibly beginning the week before Thanksgiving. The company's last official valuation was $965 billion, set in a $65 billion round in late May. Investor Michael Burry has expressed reservations about participating in the IPO.
来源：华尔街日报
发布：GSM·美国（发布链接）
图片来源：图：美国联邦储备委员会大楼（资料图）。The Federal Reserve Board building. (file photo)
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