Anthropic's (ANT) seven co-founders plan to sell $1.75 billion of stock in the IPO. Each would keep more than 98% of their shares.

According to an amended filing, Anthropic's seven co-founders plan to sell 23,648,646 shares worth approximately $1.75 billion during the company's upcoming IPO. Each co-founder will sell an equal portion while retaining more than 98% of their individual holdings and remaining subject to lock-up periods of up to a year. Meanwhile, board members and external partners like Alphabet's Google and Nvidia have indicated significant intent to purchase stock through private placements and the IPO. Open article →