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Anthropic weighs supervoting shares as it prepares for an IPO
The plan would give top leaders additional votes, helping insulate them from outside pressure after a potential September listing.
Anthropic is reportedly considering a governance structure that would grant its CEO and co-founders supervoting shares as it moves toward a US IPO, according to Yahoo Finance citing The Information. The Information said the company filed a confidential S-1 with the US Securities and Exchange Commission in June, with an IPO timeline that could land in September, though Anthropic has not confirmed a date. The report also framed the strategy as a way to protect long term plans from short term profit demands that can come from public market shareholders. Anthropic would be borrowing elements of models used by founders at companies such as Google and Meta, as described in the coverage, and also drawing from the approach Elon Musk used for SpaceX, which listed on Nasdaq on June 12 under the SPCX ticker. In SpaceX's structure, public Class A shares carry one vote each, while insider Class B shares carry 10 votes, leaving Musk with a 48.4% stake but more than 82% of shareholder votes. Yahoo Finance noted that Anthropic would likely distribute the extra votes across multiple co-founders rather than concentrating them in one person. The coverage also said Anthropic runs as a Public Benefit Corporation with a Long-Term Benefit Trust that includes trustees, including former Federal Reserve Chair Ben Bernanke, tasked with supporting the company’s board selection tied to its AI safety mission.
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