In section CEO World
Anthropic is targeting a valuation of about $1.33 trillion for its IPO, below the roughly $2 trillion floated a few months ago and the $1.5 trillion investors expected as recently as last week. Even at the lower price, each of the company’s seven founders is set to sell about $250 million in stock.
The lower target follows last week’s AI selloff, which rattled major investors and prompted them to push for a reduced valuation, according to The Wall Street Journal.
Anthropic plans to sell 825 million shares at $70 to $78 each, raising more than $61 billion at the midpoint. Investors, including Google and AMD, are adding another $26 billion. The shares are expected to begin trading on the Nasdaq next Thursday under the ticker “ANT.”
The seven founders include CEO Dario Amodei and his sister, President Daniela Amodei. After their planned sales, each is expected to retain a stake worth around $18 billion. Together, the founders will own about 22% of Anthropic, while an LLC they control will hold 50.1% of most shareholder votes.
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