Since SpaceX’s IPO gave its founder Elon Musk almost unlimited power to make strategic decisions, other startups preparing to go public are trying to repeat this result. At the very least, Anthropic’s co-founders and CEOs will own special classes of stock that will allow them to effectively fend off pressure from outside investors.
Image source: Human
The agency reported the matter Reuters Refer to this information. Some argue that Anthropic’s co-founders and Dario Amodei himself, who leads the artificial intelligence startup, hold relatively small shares in the share capital structure, which would not allow them to exert significant influence on the management of the public company without privileges in the voting process. Anthropic’s CEO directly owns no more than 2% of the shares. However, even this amount of shares can be vested with significant power if transferred to a privileged class.
For example, the founder of Meta✴ Platform Mark Zuckerberg has 60% of the voting rights in decision-making due to the dual-class share structure, although the number of shares he owns is much lower than this. Like OpenAI, Anthropic is formally a public benefit corporation, which means that it combines commercial interests with public interests in its operations. Special trust within new startups oversees the achievement of long-term humanitarian goals.
Bloomberg ReportAnthropic will increase its revolving credit facility beyond the $10 billion originally agreed upon even before the IPO. These funds must be provided by banks seeking further participation in the placement of the startup’s shares on the stock exchange. Loans will be divided into “echelons”; $1.25 billion in borrowings will be allocated to the most active banks, the next creditor will be able to provide a total of $1 billion, and the third and subsequent creditors will be able to provide $750 million or less each. Last year, Anthropic applied for a $2.5 billion revolving loan, but the startup’s demand has increased significantly since then. Morgan Stanley, Goldman Sachs and JPMorgan Chase should take the lead in preparing for an IPO.
If you find an error, select it with your mouse and press CTRL+ENTER.
