WSJ says Anthropic's seven founders each cashed out about $250 million in IPO
WSJ reports that Anthropic's seven founders will each sell about $250 million of stock in the IPO, each retaining about $18 billion. According to company filings on Tuesday, each plans to sell nearly 3.4 million shares, with an expected offering price range of $70 to $78. The listing is expected to take place next week, valuing Anthropic at close to $1.3 trillion and raising more than $8 billion, partly through private placements to investors including Google. After the listing, each founder will retain about 3.2% of Class A shares, together holding about 22% of the outstanding shares, but corresponding to only about 11.2% of the voting power; an LLC controlled by the founders holds one Class F share, which guarantees them 50.1% of the vote in a majority shareholder vote. The filings warn that public buyers therefore obtain only economic returns and have almost no influence over control, and that related decisions may run counter to shareholders' financial interests.
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The original text disclosed the equity and voting structure of Anthropic's IPO, from which readers can understand the misalignment between public shareholders' economic returns and control rights.
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WSJ: Anthropic’s 7 founders will each sell about $250M of stock in its IPO and keep roughly $18B apiece.
Each plans to sell nearly 3.4M shares at a projected range of $70 to $78, according to Tuesday’s company filing.
The listing, expected next week, would value Anthropic near $1.3T and raise $80B or more, partly via a private placement to investors including Google.
Once trading starts, each founder keeps about 3.2% of Class A shares, so together they hold roughly 22% of outstanding stock.
That stake carries only about 11.2% of voting power, yet a founder-controlled LLC holding a single Class F share guarantees them 50.1% on most shareholder votes
Public buyers of Anthropic's shares therefore get economic exposure with almost no say over control, which the filing warns could put decisions at odds with shareholders’ financial interests.