Anthropic’s Seven Founders Plan to Sell About $250 Million in Shares Each in IPO

What happened

Anthropic’s S-1 says each of its seven co-founders plans to sell 3,378,378 shares in the IPO. At the stated $70 to $78 initial price range, that would bring each founder about $236 million to $264 million; at the $74 midpoint, just under $250 million. After the sale, the founders would each own about 3.2% of outstanding Class A shares and collectively control 51.1% of the votes through Class F stock.

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The story so far

Anthropic has begun pitching investors on an IPO of 825 million Class A shares at $70 to $78 each, targeting a Nasdaq listing under ticker ANT. The public offering could raise up to $64.4 billion; a separate $26 billion private placement would bring total placements to as much as $90.4 billion. The new report says the fully diluted valuation is about $1.4 trillion, down from $2 trillion previously discussed in the market. Anthropic’s S-1 says each of its seven co-founders plans to sell 3,378,378 shares, worth about $236 million to $264 million at the proposed price range. After the sale, each would own about 3.2% of outstanding Class A shares, while the founders would collectively control 51.1% of the votes through Class F stock.