New York Angels' Peck Says Anthropic IPO Could Lift Tech After AI Selloffs

Bob Peck, a New York Angels board member, said Anthropic's initial public offering could act as a tech catalyst after Alphabet's record selloff, with investors looking to the listing for an AI valuation marker. Large investors reportedly want Anthropic priced at the low end of a $1.5 trillion to $2 trillion range; at $1.5 trillion, it would trade near 43 times trailing sales. Anthropic's S-1 registration statement reports net revenue retention of about 900%, or nine times prior-year spending by existing customers. Alphabet fell more than 12% on Oct. 29, its worst day on record, erasing roughly $500 billion.