Krishna Rao, the Indian-origin chief financial officer of the artificial intelligence firm Anthropic, holds 9.4 million shares in the company. According to the company's updated IPO prospectus filed with the United States Securities and Exchange Commission, these holdings have a gross notional value of approximately $703 million, or nearly Rs 6,300 crore.
The valuation of Rao’s equity is calculated based on the midpoint of the company’s proposed initial public offering price range, which falls between $70 and $78 per share. Officials clarified that this $703 million figure is indicative and does not reflect the actual amount he would realize from a sale. The total holding includes a combination of stock options and equity-linked awards.
Rao is not participating as a selling shareholder in the upcoming IPO. Consequently, his total shareholding in the company will remain unchanged following the completion of the offering. Before his current role at Anthropic, which he assumed in April 2024, Rao served as the CFO of Fanatics Commerce, an online sports merchandise and retail platform, from May 2023 to April 2024.
Key facts
- Krishna Rao currently holds 9,497,900 shares of Anthropic.
- The valuation of $703 million is derived from an IPO price range of $70 to $78 per share.
- Rao joined Anthropic as its chief financial officer in April 2024.
- The executive is not selling any of his shares as part of the company's initial public offering.
Source: Times of India
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