All seven co-founders of Anthropic are set to sell approximately $250 million worth of shares each in the artificial intelligence company’s upcoming initial public offering (IPO), potentially generating a combined $1.75 billion.
According to an updated filing with the US Securities and Exchange Commission (SEC), each founder plans to sell 3,378,378 shares. Anthropic has set an initial IPO price range of $70 to $78 per share, implying a company valuation of approximately $1.4 trillion, TechCrunch reported.
At the midpoint price of $74 per share, each founder would receive nearly $250 million. Their proceeds would fall to around $236.5 million at the lower end of the range and rise to approximately $263.5 million at the upper end.
Collectively, the seven founders could generate between $1.65 billion and $1.84 billion from the share sales, depending on the final IPO price.
The offering could attract additional demand from prominent investors. Anthropic board member Reed Hastings intends to purchase $300 million worth of shares through his donor-advised fund, while fellow board member Christopher Liddell plans to invest $3 million.
Founders to Retain Voting Control
Anthropic’s seven co-founders are Dario Amodei, Daniela Amodei, Tom Brown, Jack Clark, Jared Kaplan, Sam McCandlish, and Christopher Olah. They left OpenAI in 2021 following disagreements over the company’s approach to developing artificial intelligence.
Despite selling a substantial number of shares, the founders are expected to retain significant ownership and control over Anthropic.
Following the transactions, each founder will hold approximately 3.2 percent of the company’s Class A shares, giving them a combined stake of roughly 22 percent in that share class.
However, their overall economic ownership will be lower because major investors, including Amazon and Google, hold Class N shares that carry no voting rights.
The founders will also receive one Class F share each, granting them enhanced voting powers. Together, these special shares will give the seven founders control over 51.1 percent of Anthropic’s total voting rights.
The latest filing follows an earlier incident in which Anthropic briefly disclosed IPO pricing information before withdrawing it and acknowledging that the figures were incorrect.
The company initially filed for its IPO in October, moving closer to a potential public listing.
