All 7 Anthropic founders will each cash out about $250M in IPO

All 7 Anthropic founders will each cash out about $250M in IPO

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.

As Anthropic barrels toward an enormous IPO that could value it at $1.4 trillion, the company has disclosed a tidbit in its new S-1 filing about how many shares each of its seven co-founders plan to sell.

Each will sell 3,378,378 shares. Anthropic has floated an unusually broad initial price range of $70 to $78 a share. At the mid-range of $74, each founder would take in just shy of $250 million.

At the low end, $70, each would have to settle for pocketing just over $236 million cash; at the high end, $78, each would take in just under $264 million.

However, in an IPO as eagerly anticipated as this one, companies can often price shares above the initial range.

The S-1 is already hinting at high demand. Board member Reed Hastings has indicated he wants to buy $300 million worth of shares through his donor-advised fund. Board member Christopher Liddell also wants to buy $3 million worth of shares.

The seven co-founders are CEO Dario Amodei; Daniela Amodei, president and chair of the board; Tom Brown, chief compute officer; Jack Clark, head of public benefit; Jared Kaplan, chief science officer (pictured above); Sam McCandlish, chief architect; and Christopher Olah, interpretability research lead.

After the sale, each of them will own about 3.2% of the total outstanding Class A…

In brief

As Anthropic barrels toward an enormous IPO that could value it at $1.4 trillion, the company has disclosed a tidbit in its new S-1 filing about how many shares each of its seven co-founders plan to sell. Each will sell 3,378,378 shares. Board member Christopher Liddell also wants to buy $3 million worth of shares.

This is the opening of the story, shared with credit to TechCrunch. The rest of the report — with every detail — continues on the publisher’s website.

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