FTX’s $1.3B Anthropic sale returns to focus as IPO looms

Anthropic’s IPO filing has brought renewed attention to FTX’s $1.3 billion sale of its investment in the AI company, as an undiluted calculation puts the former stake above $100 billion. Summary Anthropic has filed for a Nasdaq listing, with its offering price and share count still undetermined. Applying FTX’s former 7.84% stake to a hypothetical $1.5 trillion valuation produces $117.6 billion before subsequent dilution. Buyers of the estate’s shares included an Abu Dhabi investment company, Jane Street, Fidelity-managed funds and G Squared. Customer repayments follow allowed bankruptcy claims, with values tied to FTX’s November 2022 collapse. Anthropic announced on Oct. 26 that it had filed an S-1 registration statement with the U.S. Securities and Exchange Commission, preparing to list its Class A common stock on the Nasdaq Global Select Market under the ticker ANT. The company said the number of shares offered and the price range had not been determined. Its announcement described a proposed offering, with the registration statement not yet effective. In the announcement, Anthropic identified Goldman Sachs and Morgan Stanley as contacts for obtaining the preliminary prospectus w...