Anthropic Founders Would Control 51.1% of Votes After IPO Sales

Anthropic’s seven co-founders would control 51.1% of the votes after planned IPO share sales, giving the founding group majority voting power even as each sells the same number of shares.

Each founder plans to sell 3,378,378 shares. At the proposed price range of $70 to $78 per share, that would bring in just over $236 million to just under $264 million for each founder. At the $74 midpoint, the seven sales would total about $1.75 billion, matching the estimate for the founders’ planned IPO sales.

After the sales, each founder would hold about 3.2% of Anthropic’s outstanding Class A shares, or roughly 22% combined. That Class A ownership would not equal their stake in the company overall, which would be considerably smaller. Amazon and Google hold nonvoting Class N shares, another class of Anthropic stock.

Each founder would also receive one Class F share with supervoting rights. Together, those shares would give the founders 51.1% of the votes. That figure is higher than the 50.1% voting power in an earlier proposal for the founders.