Anthropic CFO Krishna Rao's stake hits $703 million at IPO price

Anthropic's Indian-origin CFO Krishna Rao holds an equity stake valued at about $703 million, based on the midpoint of the company's proposed IPO price range of $70 to $78 per share. Rao, who joined Anthropic just over two years ago as its first chief financial officer, beneficially owns nearly 9.5 million shares, including exercisable stock options. He is not selling any shares in the offering and has been central to fundraising and IPO preparations, actively meeting investors during the roadshow. Anthropic seeks to raise up to $90.4 billion at a potential valuation of about $1.4 trillion, with participation from Google, Microsoft, and other tech giants. The IPO occurs amid a volatile tech sector, with concerns over AI infrastructure spending and shifting political dynamics adding uncertainty.