Anthropic plans to grant its founders 50.1% voting control ahead of its initial public offering (IPO), according to reports from Wall Street Engine. This move aims to protect company management from external shareholder pressure. The Delaware public benefit corporation already has a distinctive governance structure, including a Long-Term Benefit Trust with special Class T shares. Market pricing appears to reflect concerns over this governance approach, which could potentially impact the company’s valuation during its IPO.
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