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Anthropic’s seven co-founders plan to sell about 23 million shares in the company’s proposed IPO, which could bring them roughly $250 million each, SiliconANGLE reports. The sale is part of a much larger offering, with shares priced at a proposed $70 to $78 apiece.

That is a substantial payday alongside a major fundraising drive, not the founders cashing out entirely: the report says they plan to retain shares. The final price and proceeds could still change before the listing, as IPO terms have a habit of moving until the paperwork stops moving.

Discuss: Should founders be able to sell sizeable stakes in an IPO while retaining control, or should public investors expect a cleaner break?

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