AI IPOs stall amid high interest rates, OpenAI seeks $1.2T-$1.4T valuation

FoxTPNL / Wikimedia Commons (CC BY 4.0) AI companies, including high-profile firms like OpenAI and Anthropic, are experiencing delays in their initial public offerings (IPOs) while private markets become increasingly active. Bloomberg Markets reported that several AI-linked offerings have been cancelled, paused, or delayed amid higher interest rates and a downturn in AI operator stocks. This shift has prompted companies such as OpenAI to seek private funding, reportedly aiming for a valuation between $1.25 trillion and $1.4 trillion. Meanwhile, Anthropic remains the only major U.S. technology IPO moving forward, with a potential valuation near $1.5 trillion. Key Takeaways Market behavior suggests a decrease in confidence regarding Anthropic’s IPO reaching a market cap below $1.25 trillion by the close of its first day. The Bloomberg report indicates a delay in AI IPOs, prompting adjustments in the implied probabilities within prediction markets. Private capital continues to flow into AI companies, but public-market investors appear to require more evidence of returns from data-center investments. What to Watch Watch for further developments in Anthropic’s IPO plans, including poten...