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Source TechCrunch · Published · Open the original ↗

Markets

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 midrange 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 in cash; at the high end, $78, each would take in just under $264 million.

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