Anthropic's preliminary IPO prospectus reveals that its seven co-founders each hold approximately 240 million shares. The filing introduces a five-class common stock structure designed to maintain founder control over the company. Only one of these five share classes will be available for public purchase in the upcoming offering.
The company is making only Class A shares available to the public, while its Long-Term Benefit Trust selects a majority of the board, amid rapid revenue growth and mixed profitability indicators.
Read the full storyMost of the loss stemmed from an accounting charge marking up convertible notes, while the company posted an operating loss of $693 million and revenue of $16.29 billion.