Anthropic co-founders to sell $1.75B of stock in IPO

First seen Nov 10 Updated Nov 10, 17:18 UTC Heat 20 medium evidence

Bloomberg reports, citing an updated S-1 prospectus released Tuesday, that Anthropic's seven co-founders will sell $1.75 billion of stock in next week's IPO.

Who should care: Anyone following Anthropic's IPO.

Key facts

Total co-founder sale: $1.75B; About $250M each at the midpoint of the range

Timeline

Coverage

Nov 10, 17:02 UTCjust now
Updated S-1: Anthropic's seven co-founders will sell $1.75B of stock in next week's IPO, each offering shares worth ~$250M at the midpoint of its IPO range (Dylan Sloan/Bloomberg)techmeme.com · Techmeme

Evidence

Medium evidence: several community reports point the same way, but there is no official confirmation yet.

Details written Nov 10, 17:17 UTC from the sources listed above.