Anthropic's 7 Founders Each Pocket $250M at IPO

Anthropic's S-1 filing reveals each of its seven co-founders plans to sell 3,378,378 shares in the company's upcoming IPO, which could value the firm at $1.4 trillion. At the midpoint price of $74 per share, each founder would receive roughly $250 million. After the sale, each will hold about 3.2% of Class A shares, with the group collectively controlling 51.1% of votes through supervoting Class F stock. Board member Reed Hastings has indicated plans to purchase $300 million in shares. The seven founders left OpenAI in 2021 to build Anthropic around AI safety principles.