Anthropic IPO at $1.5T valuation in doubt as AI stocks sell off

The doubt now surfacing around Anthropic's target valuation is a sentiment signal as much as a deal-specific one: when planned participants publicly float a lower number, it suggests the AI equity bid that underwrote such pricing has weakened faster than the listing timetable assumed. The read-across extends beyond this one issuer to the wider pipeline of AI-linked offerings that have leaned on headline valuations rather than settled demand. Whether the upcoming discussions produce a repriced deal, a delay, or a decision to proceed on the original terms is the open question worth watching.