Anthropic CFO Krishna Rao's stake valued at $703 million ahead of IPO
Anthropic's chief financial officer Krishna Rao held an estimated equity stake worth about $703 million, based on the company's proposed IPO price range, as reported by Moneycontrol. com. The valuation came as the AI firm advanced its Nasdaq listing plans. Earlier, CNBC said Anthropic opened an Australian retail offering for shares ahead of the listing while the Australian government tightened AI oversight. TechCrunch noted the company filed an IPO to raise up to $64. 35 billion at a valuation of up to $1.
404 trillion, selling 825 million Class A shares at $70-$78 each. CNN and the BBC had previously announced a share price range of $70-$78 and the potential to raise as much as $64 billion, with expected net proceeds of $84. 6-$93. 7 billion. CNBC also highlighted Anthropic's target market valuation of $1-$1. 5 trillion.