Anthropic’s seven founders each plan to sell about $250M in IPO
Original title: All 7 Anthropic founders will each cash out about $250M in IPO
Each will sell 3,378,378 shares; at the $74 midpoint that is just under $250 million apiece.
Anthropic’s S-1 says each of its seven co-founders will sell 3,378,378 shares in a planned IPO that could value the company at $1.4 trillion. At the stated $70 to $78 range, each founder’s proceeds would be just over $236 million to just under $264 million. After the sale each would hold about 3.2% of Class A, while one Class F share each would give the group 51.1% of the votes.
Unconfirmed: The $1.4 trillion figure is a possible valuation, and the final IPO price is not set.
- The initial range is $70 to $78 a share, with $74 used as the midpoint.
- Board member Reed Hastings indicated he wants to buy $300 million of shares.
- Christopher Liddell indicated he wants to buy $3 million of shares.
- Amazon and Google hold non-voting Class N shares, so founders’ total equity is smaller.
- The seven left OpenAI and started Anthropic in 2021.
From the original article
2 min read at techcrunch.com
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.
By Julie Bort · techcrunch.com
A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.