Summary:
Anthropic's seven co-founders will sell a combined $1.75 billion worth of stock in next week's initial public offering, according to the latest prospectus released on Tuesday. Based on the midpoint of the IPO price range, each co-founder plans to sell shares worth approximately US$250 million. At this valuation, each person would have a net worth of about $18 billion, according to the Billionaires Index.
San Francisco-based Anthropic seeks to raise up to $90.4 billion through an initial public offering and private placements, valuing it at about $1.4 trillion, according to the filing. According to the terms of the deal seen, the IPO is scheduled to price on November 18 and begin trading the next day.
Anthropic co-founders Dario and Daniela Amodei
A founder selling stock during a company's public offering — especially a sale of this magnitude — could send a bearish signal to the market. However, Jay R., professor emeritus at the Warrington College of Business at the University of Florida. Ritter said the sales were unlikely to scare away potential buyers, given the relative size of Anthropic's IPO and the changing market attitude toward such insider sales.
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