Anthropic IPO gives 7 founders 50.1% voting control

Anthropic's seven co-founders will retain 50.1% voting control through a new entity called Founder LLC, giving them decisive power over all stockholder matters for the foreseeable future, according to its IPO prospectus filed Monday. The structure limits the influence of institutional and retail investors and is designed to preserve the AI company's safety-focused mission. Anthropic said the governance may deter unsolicited mergers or takeover bids, potentially depriving stockholders of opportunities to sell shares at a premium. Anthropic is incorporated as a public benefit corporation and also has a Long-Term Benefit Trust, led by trustees including former Federal Reserve Chair Ben Bernanke, with authority to elect most board members. The company plans to list on Nasdaq under "ANT" and is considered a controlled company.