The sharp decline in US technology stocks last week prompted large investors planning to participate in Anthropic's initial public offering to reach a new consensus on the AI giant's listing valuation — preferring to use lower valuations. According to people familiar with the matter, over the past few days, institutional investors have indicated to the Claude developer and its advisory team that in the IPO later this month, its valuation should be around $1.5 trillion to $1.6 trillion — far below the nearly $2 trillion level commonly rumored in the market in recent months.

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