Anthropic’s seven co-founders are preparing to sell a combined $1.75 billion worth of shares in the company’s planned initial public offering, with each founder expected to receive about $250 million before taxes at the proposed midpoint share price.
The planned sales, disclosed in an updated IPO prospectus, would allow the founders to cash out part of their holdings as the artificial intelligence company prepares to enter the public market.
The seven founders are Chief Executive Officer Dario Amodei, President Daniela Amodei, Tom Brown, Jack Clark, Jared Kaplan, Sam McCandlish and Christopher Olah.
Each plans to sell approximately 3.38 million shares. At the proposed midpoint price of $74 per share, the sale would generate just under $250 million for each founder. The final amount will depend on the IPO price.
Founders’ wealth could reach $18 billion each
At the proposed valuation of about $1.4 trillion, each co-founder’s remaining stake is estimated to be worth around $18 billion. That figure represents an estimated value of their holdings, rather than cash available to them. Much of their wealth remains tied to their ownership in Anthropic, and the final valuation could change when the shares are priced.
The planned sales also represent only a portion of their holdings. The prospectus indicates that each founder is selling about 1.5% of their total stake, allowing them to receive substantial proceeds while retaining significant ownership.
Anthropic targets a major public offering
Anthropic, the company behind the Claude family of AI models, has proposed an IPO price range of $70 to $78 per share. Its shares are expected to list on the Nasdaq Global Select Market under the ticker symbol ANT.
The company has said its proposed offering includes 801.35 million newly issued shares, while existing shareholders are offering another 23.65 million shares. Anthropic will not receive proceeds from shares sold by existing shareholders.
The company is also seeking to raise substantial capital through the public offering and a concurrent private placement. Bloomberg has reported a potential combined fundraising of up to $90.4 billion, with the company’s valuation estimated at $1.4 trillion.
The founders’ planned sales highlight how early shareholders can convert some of their ownership into cash during a public listing. However, the transactions do not mean the founders are leaving Anthropic or selling their entire stakes.
The final IPO price and the value of the founders’ remaining holdings will depend on the outcome of the offering and how the market values the company once trading begins.
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