Global marketsUpdated Yesterday

Anthropic’s seven founders plan a $1.75B stock sale while retaining voting control

Bloomberg reports that all seven founders plan to sell $1.75 billion of stock in the IPO. TechCrunch says each plans to sell exactly the same number of shares, worth about $250 million apiece at the midpoint of the expected price range. Reports say the group will retain voting control. In Anthropic’s proposed structure, one Class F share held by a founder-created LLC carries 50.1% of general shareholder voting power. Separately, the Long-Term Benefit Trust can elect and remove the Class T directors who make up a board majority.

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Coverage started Yesterday