THE BARE STORY
Anthropic is scheduled to begin public trading through an initial public offering, with Goldman Sachs and Morgan Stanley set to co-lead the transaction alongside other underwriters.
Financial analyst Glenn Schorr estimated that the offering could generate about $395 million in underwriting fees. Under his base-case estimate, Goldman Sachs and Morgan Stanley would each receive roughly $79 million.
According to regulatory filings, Anthropic’s seven co-founders collectively hold about 10% of its equity while retaining 50.1% of voting control through an entity known as Founder LLC. The filings state that the founders plan to sell more than 20 million shares in the offering.
The filings also say the founders intend, through a non-binding pledge, to devote 80% of their personal equity wealth to philanthropic purposes. Anthropic is setting aside 5% of its shares for a public-benefit fund supporting research and community grants.
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