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IPO Newsroom
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ANTHROPIC SEEKS FOUNDER CONTROL AHEAD OF IPO Anthropic is asking shareholders to approve a new structure that would give its seven co-founders a combined 50.1% of voting power on most corporate matters, per The Information. The structure would let the founders retain control despite relatively small economic stakes. CEO Dario Amodei currently owns about 2%. Anthropic’s Long-Term Benefit Trust would still control the appointment of most board members, while founder-appointed seats would increase from 2 to 3. The company was valued at $965B in May and is reportedly targeting at least a $1.5T valuation in an IPO now expected around late October or November.
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