Anthropic CFO Krishna Rao's stake valued at over $700 million ahead of IPO
Krishna Rao, Anthropic's chief financial officer, holds an estimated equity stake worth about $703 million based on the company's proposed IPO price range.
Anthropic's chief financial officer Krishna Rao owns roughly 9.5 million shares, including options, which are valued at about $703 million using the midpoint of the proposed $70-$78 per share IPO price range. Rao is not planning to sell any shares in the offering.
Rao, who joined the artificial-intelligence firm just over two years ago, has been instrumental in its fundraising and early IPO preparations. He is also taking part in the roadshow, meeting potential investors at events organized by Morgan Stanley and Goldman Sachs ahead of the planned public debut.
The company aims to raise up to $90.4 billion and target a valuation near $1.4 trillion through the IPO and a concurrent private placement that includes investors such as Google, Microsoft, AMD, Nvidia, Broadcom, Micron and TSMC.
Co-founders Dario Amodei and Daniela Amodei are each slated to sell shares worth about $250 million, while retaining stakes valued at roughly $18 billion each at the midpoint price.
The offering occurs amid a volatile period for technology stocks, with recent declines in AI-related equities and broader concerns about large investments in computing infrastructure.