Anthropic is preparing supervoting shares for its founders before the IPO

Anthropic is preparing to give its founders shares with extra voting power before it goes public, according to The Information. The company is setting up the structure ahead of an initial public offering that could rank among the largest ever, Cory Weinberg and Valida Pau reported. Bloomberg matched the report.

The plan would hand chief executive Dario Amodei and his co-founders a new class of stock. Those shares would carry more votes each. The point is to keep their say over the company’s direction once outside shareholders come in. Anthropic did not respond to requests for comment from either outlet.

Why the structure matters here

The move is unusual for a specific reason. Amodei owns only about 2 percent of Anthropic, a person close to the company told The Information. That is one of the smallest stakes for any founder-chief executive taking a company public in recent decades.

A...

Copyright of this story solely belongs to thenextweb.com. To see the full text click HERE