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Anthropic Co-Founders to Cash Out About $1.75B Combined in IPO

Nov 11, 00:55

Nov. 11 — According to Bloomberg, seven co-founders of Anthropic will sell a combined roughly $1.75 billion of stock in the company's upcoming IPO, about $250 million each based on the midpoint of the IPO price range, or roughly 1.5% of each founder's stake, according to the prospectus Anthropic updated on Tuesday. The seven co-founders are Dario Amodei, Daniela Amodei, Tom Brown, Jack Clark, Jared Kaplan, Sam McCandlish and Christopher Olah. Based on that valuation, each co-founder has a net worth of about $18 billion, according to the Bloomberg Billionaires Index. Separately, according to trading terms reviewed by Bloomberg, Anthropic's IPO is scheduled to be priced on Nov. 18, with trading beginning the next day.