Anthropic's Seven Founders Plan to Cash Out About $250 Million Each in IPO

TechFlow reported on November 11 that, according to TechCrunch, Anthropic's seven co-founders plan to sell 3378378 shares each in its initial public offering (IPO). Based on the midpoint of the $70 to $78 per-share offering price range, $74, each person would receive nearly $250 million.

The report, citing prospectus filings, said that after the sale each founder would hold about 3.2% of the outstanding Class A shares, and the seven founders combined would hold about 22%; this percentage does not represent their stake in the company's total equity. Each founder will also receive one Class F share with super-voting rights, and the seven founders combined will control 51.1% of the voting power.

Source: TechFlow