The IPO market has suffered several recent disappointments, including the withdrawal of Kepuni Holdings, a 60% cut to Gravitics Holdings’ deal and a 32% plunge in Elice Group shares on their first trading day. Despite approximately $137 billion in proceeds during the first half, helped by SpaceX’s record offering, investors have become more cautious about valuations. Matt Kennedy, a senior strategist at Renaissance Capital, said a successful Anthropic IPO could revive the market, with the company potentially being valued at $1.8 trillion when shares are priced. However, Anthropic disclosed an $80.7 billion net loss for the first half of 2026 despite generating approximately $16.3 billion in revenue, and its IPO could be delayed until 2027.
Source: Read the original article
