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NYC Comptroller Calls on Anthropic to Pause Its $2 Trillion IPO Over AI Safety Concerns
Read this in the Market Flux appNew York City Comptroller Mark Levine has called on Anthropic to delay its planned initial public offering until the AI company has fully addressed risks around the safety, governance, and pace of development of its technology. In a letter to CEO Dario Amodei, Levine argued that the existing "morally binding accord" on AI safety between the Trump administration and companies including Anthropic was insufficient, and urged Anthropic to prioritize establishing a governance regime commensurate with the risks its own prospectus acknowledges.
Levine's letter demanded that Anthropic disclose specifically how it will implement audits and controls, define their scope, and provide a projected timeline before proceeding with a listing. The call comes as Anthropic is targeting a valuation of approximately $2 trillion, which would rival or exceed the record set by SpaceX in its debut. The company met with select investors at its San Francisco headquarters on Wednesday, disclosing it generated $16.8 billion in revenue in the third quarter of 2026.
The intervention adds pressure to an IPO already navigating an uncertain market backdrop. Anthropic's prospectus dedicated roughly 80 of its 261 pages to AI risk factors, including warnings that its models could develop self-preserving behaviors and resist shutdown, nearly double the pages devoted to business metrics. Levine, who oversees New York City's pension funds, has standing as a significant institutional voice, though Anthropic has not indicated it plans to delay the offering.
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Sources
- Seeking AlphaNYC Comptroller calls for Anthropic to put IPO on hold over safety concerns
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- DeItaoneANTHROPIC’S IPO VALUATION EXPECTATIONS DROP FROM $2 TRILLION TO $1.5 TRILLION Some investors are considering a $1.5 trillion valuation for Anthropic’s upcoming IPO, down 25% from earlier expectations of $2 trillion. Anthropic reported $16.8 billion in Q3 revenue, up 45% quarter-over-quarter, but growth slowed sharply after revenue more than doubled in Q2. The company also reported adjusted profitability for the quarter. The key concern: Slowing revenue growth and rising AI infrastructure costs could weigh on one of the most anticipated IPOs. Source: Reuters Exclusive
- FaststocknewssINVESTORS WEIGH LOWER ANTHROPIC IPO VALUATION OF ABOUT $1.5T, DOWN FROM ABOUT $2T, PER REUTERS Some investors who attended Anthropic's investor day Wednesday discussed a valuation of around $1.5T for the November share sale, according to people familiar with the matter. Some were disappointed that sequential revenue growth slowed. - Q3 revenue: $16.8B, up 45% from Q2's $11.6B, per what Anthropic told investors - Q2 revenue had more than doubled from Q1 - Anthropic also said it was profitable on an adjusted basis in Q3 Anthropic did not immediately respond to Reuters' request for comment.
- ReutersEXCLUSIVE Investors temper Anthropic IPO valuation expectations over revenue growth slowdown, sources say
- WallstengineANTHROPIC IPO VALUATION EXPECTATIONS DROP TO ~$1.5T FROM $2T: RTRS Some existing and prospective investors are reconsidering the Claude maker's valuation ahead of its anticipated November IPO, according to Reuters. Anthropic reported Q3 revenue of $16.8B, up 45% QoQ, compared with growth of more than 100% in Q2, when revenue reached $11.6B. Despite reporting adjusted profitability, the slowdown disappointed some investors, with a broader tech selloff and concerns over rising AI infrastructure costs adding pressure. The company has committed to spending at least $518B on cloud computing and infrastructure over the next decade. Source: Reuters.
- Crypto BriefingAnthropic’s IPO valuation expectations drop to $1.5T amid market caution
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- KalshiJUST IN: Some Anthropic investors want IPO valuation cut to $1.5T from $2T over slowing growth, per The Information
- InvestingSome investors push Anthropic to cut IPO valuation to $1.5 trillion - report
- BusinessA cocktail of risks is threatening to stall the US IPO pipeline, leaving Anthropic’s potential blockbuster debut as one of the few offerings that investors can count on.
- Investingcom*ANTHROPIC INVESTORS WEIGH LOWER IPO VALUATION OF ~$1.5T VS EARLIER $2T *SOME ANTHROPIC INVESTORS DISAPPOINTED BY SEQUENTIAL GROWTH DECELERATION
- Unusual_WhalesBREAKING: Investors are reportedly lowering their expectations for Anthropic’s IPO, per Reuters. Some are now considering a $1.5 trillion valuation, down 25% from expectations of $2 trillion. The company reported $16.8 billion in Q3 revenue, up 45% from the previous quarter, and said it was profitable on an adjusted basis.