Anthropic Completes Tender Offer, Employees Trim Stock Sales on Upbeat Outlook

On April 9, Bloomberg reported that informed sources have disclosed Anthropic employees sold a portion of their shares to investors, completing a secondary stock sale that launched earlier this year. However, limited shares available from employees meant some investors didn’t secure the number of shares they planned to buy. The tender offer price matched the company’s latest financing round valuation from February this year, putting Anthropic’s valuation at $350 billion following the transaction. Total proceeds from the share sale are not yet public, but individuals familiar with the matter noted the amount was less than the $6 billion investors had aimed to raise. Anthropic employees are looking to hold onto more shares ahead of the company’s expected initial public offering (IPO), which could come as early as this year. One source said the smaller-than-expected transaction reflects employees’ optimism about the company’s future, driven by growing annualized revenue. Last month, Anthropic’s annualized revenue topped $19 billion; by April, the company announced its annualized operating revenue had exceeded $30 billion.