Anthropic's seven co-founders plan to cash out $1.75 billion in the IPO

Seven co-founders of Anthropic will sell stocks worth $1.75 billion in total in the upcoming IPO, with each co-founder planning to sell stocks worth about $250 million. Anthropic seeks to raise up to $90.4 billion through the IPO and private placement, corresponding to an estimated valuation of $1.4 trillion. The IPO plan is scheduled to price on November 18 and begin trading the next day.