Anthropic founders to cash out in IPO
TechCrunch: All 7 Anthropic founders will each cash out about $250M in IPO
Each of the seven co-founders plans to sell exactly the same number of shares in the IPO, which would bring each of them about $250 million in cash at the midpoint of the price range while leaving the group in control of the company.
Anthropic's seven co-founders are each planning to sell approximately 3.3 million shares during the company's upcoming IPO, which could net each founder between $236 million and $264 million depending on the final share price. The company has set an initial price range of $70 to $78 per share and could be valued at $1.4 trillion, though IPO prices often exceed their initial ranges. After the sale, each founder will retain about 3.2 percent of Class A shares, and collectively the founders will control 51.1 percent of voting power through supervoting Class F shares, allowing them to maintain control of the company. The seven founders, including CEO Dario Amodei and President Daniela Amodei, left OpenAI in 2021 to start Anthropic with a stated focus on AI safety.
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Anthropic sets IPO price range of $70 to $78 per share to reach an implied valuation of $1.404 trillion
The company could end up being worth a hefty $1.404 trillion if its shares list at the top of the price range, on a fully diluted basis.
Also reported by SiliconANGLE
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Also reported by TechCrunch and The Verge
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Anthropic Seeks Record $88.5B Tied To Public Market Debut
Anthropic is seeking to secure up to $88.5 billion in its planned IPO and a concurrent private placement, potentially making it the largest-ever fundraise tied to a public market debut. On Tuesday, the AI giant submitted an updated S-1 filing for its upcoming public offering, unveiling new details including a proposed share price range offering size. The offering could set a fully diluted valuation of up to $1.4 trillion for the San Francisco company. Anthropic’s expected valuation comes in belo